What are the most common forms of business organization?
Answers
Answer is
solo proprietorships
partnerships
corporations
Limited Liability companies (LLC)
Subchapter S corporations(S corporations)
Answer: The most common firms of business organisations are :
Explanation:
Sole proprietorship or individual proprietorship is a form of business ownership which is owned and controlled by one person. The sole proprietor supplies the capital, managers the business, bears all the risks and receives all the profit. A sole proprietorship firm has no legal existence separate from its owner. It is one person show.
Partnership : A partnership is an association of two or more person who agree to carry some business jointly and share its profit and losses. The person who enters into partnership are individually called partners and collectively partnership firm.
Private limited company : Private limited company means a company which has a minimum paid up capital of 100000 rupees of such higher paid up capital as may be prescribed, and which by its article of association.