The business organization which has minimum ten members. Answer in a word / phrase / term.
Answers
Answer:
In a co operative society the minimum number of members are supposed to be 10.
Explanation:
In the given question at hand there seems to be some mistake, for in the case of organizations following is the basic requirement of members.
The details include,
1-In a Sole trader ship: Only 1 member, who controls all.
2-In partnership: Minimum 2 members
3-Private limited company: Minimum 2 members
4-Public limited company: Minimum 7 members
In the above mentioned types of basic corporate businesses, the minimum members are mentioned. There is no such requirement of having a minimum of 10 members to form a business. Maybe there must be certain forms of business where own rules are made up. Which is why many people would suggest this to be near the nature of (partnership).
Answer:
Unlimited company,private limited company
Explanation:
Unlimited company:- A hybrid company of an unlimited company or private unlimited company, with or without share capital, but is a corporate company where the legal liability of members or shareholders is not limited. There is a joint, multiple and non-limited obligations to meet any shortfall in the company's assets to enable the settlement of any outstanding financial liability in the event of formal liquidation of its members or shareholders. Joint and multiple limited liabilities of members or shareholders of the company only applies to the formal liquidation of the company.
Private limited company:- Shareholders cannot transfer their shares without first offering them to other shareholders for sale or purchase, shareholders cannot offer their shares to the general public above a stock market, And the number of shareholders (usually 50) cannot exceed a certain figure.