none of the 4 forms of business organization has all the features of an ideal form of business organization critically. evaluate the statement
Answers
Business organisation: A business organisation is a format that is legally recognized and characterized by the legal definition of that particular category.
There are many types of business structures. Some of them are,
Sole Proprietorship
General Partnership
Limited Partnership
Limited Liability Partnership (LLP)
Sole proprietorship: An individual or a couple in business which is simple to form and operate is called Sole proprietorship.
Partnership Firm: The business is owned, managed and controlled by an Association for profit is referred to as a partnership firm.
Limited Partnership and LLP have only limited control over the business.
Hence, None of the four forms of business organization has all the features of an ideal form of business organization.
The statement is valid for many reasons.