name two non Corporate type of business enterprises.
Answers
Answer:
(1) Sole proprietorship: In this form of business organisation, an individual normally uses his own capital, skill and intelligence to carry out some business activity.
(2) Joint Hindu Family/Hindu Undivided Family: In this form of business ownership, the business is generally managed by the father or some other senior member of the family called the Karta or the manager.
Explanation:
Answer:
There are a lot of different ways to form your new business venture. Here are some of the most common forms of businesses:
1. Sole Proprietorship-
A sole proprietorship is a kind of business that is owned by a single person.
It is among the easiest kinds of businesses to start because it doesn't take a lot of paperwork, requires fewer reporting requirements, fewer business organization expenses & the freedom to run business in your own way.
2. Partnership-
A partnership is a business that is formed by two or more people. Much like a sole proprietorship, setting up a general partnership has very few start-up fees.
There are other types of partnerships, i.e, limited partnerships and limited liability partnerships that provide some liability protection for its owners, and require filing fees and a little more effort on the front end.
Explanation: