Question

what are the essential requisites of an ideal form of business organisation explain the criteria for the selection of the form of organisation

Answer 1

for ideal form ....
1.ease of formation
2.ease of financing
3.flexibility of operations
4.limited liability
5.free from govt 6.regulations and control
7.maintenance of business secret
8.tax burden
9.continuity and stability
10.scope for control
Criteria for ....
1.nature of business
2.size of business
3.degree of control desired
4.amount of capital required
5.extent of risk involved
6.duration of business
7.area of operation
8.govt regulations
( explain all the points in short)