1. INTRODUCTION TO INDUSTRIAL MANAGEMENT
FORMS OF BUSINESS ORGANIZATION
Name: - CHRISTINA GAYEN MONDAL
Department: - COMPUTER SCIENCE AND ENGINEERING(CSE)
Year: - 3rd
YEAR
Semester: - 5th
SEMESTER
Section: - A
Class Roll Number: - 6
University Roll Number: - 10900120006
Subject Code: - HSMC-501
College Name: - NETAJI SUBHASH ENGINEERING COLLEGE
Academic Year: - 2022-2023
2. SOLE PROPRIETORSHIP BUSINESS
The business enterprise is owned by one single individual
Ownership of all profits
Better control and flexibility in operations
Owner has unlimited liability
Subject to fewer regulations and prompt decision making
3. PARTNERSHIP FORM OF BUSINESS
In this more than one individual is there, they are referred to as partners
The relation between the partners is created in the form of contract called
partnership deed
Unlimited liability
No partner can sell or transfer his interest in the firm without the consent of
other partners
The profit is divided in a ratio as agreed by the partners
4. JOINT STOCK COMPANY
It is a voluntary association of people who contribute money to carry on business
Capital is raised through shares which are transferable
Limited liability of the shareholders
Professionally managed by a board of directors.
Easy transferability of shares.
5. CO-OPERATIVE SOCIETY
Comprises voluntary operation
Limited Liability
They are self-financing
Democratic Management
State assistance and easy formation
