Question

What are the requisites of an ideal form of business

organization? Compare briefly various forms of business

organizations.​

Answer 1

Answer:

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Explanation:

There are 4 main types of business organization: sole proprietorship, partnership, corporation, and Limited Liability Company, or LLC. Below, we give an explanation of each of these and how they are used in the scope of business law.

Answer 2

1An ideal form of organisation is one which can be brought into existence with the least difficulty, i.e., in the form of least expenses in formation and minimum legal formalities. (ii) Ease of financing: Another important feature of a good form of organisation is the facility of raising the required amount of capital.

2.There are 4 main types of business organization: sole proprietorship, partnership, corporation, and Limited Liability Company, or LLC. Below, we give an explanation of each of these and how they are used in the scope of business law.