THIS PPT EXPLAINS THE BASICS OF Types of business organisation

1. Types of business organisation

2. Business organisation
Private Sector Public Sector
1. Sole Proprietorship Public enterprises
2.Partner ship Public corporations
3. Companies
1. Privae linited
2. Public limited
Government company
4. Cooperatives

4. Characteristics of sole proprietorship
• One man ownership and control
• Unlimited liability
• Enjoyment of entire profit
• No separate legal entity
• Simplicity
• Self employment
• seceracy

7. partnership

8. Features of partnership
• Agreement
• Multiplicity of persons
• Lawful business
• Haring of profits
• Unlimited liability
• Contractual relations
• Mutual agency
• Registration
• Common management
• Utmost good faith

9. Kinds of partners
• Active partner
• Sleeping / dormant partner
• Normal partner (not eligible for share profit
name only use)
• Partner in profit only
• Sub partner
• Secret partner
• Minor as partner

10. Rights of partner
• Right to express his option
• Right to participtation
• Right to share profit
• Right of access to books
• Right to get interest

11. Company or joint stock company
• By a company we mean an association of
many persons who contribute money or
moneys worth to a common stock and
employ in it some trade or business and laso
share the profit.

12. Types of company
• 1.On the basis of formation
– Statutory company ( RBI, LIC etc)
– Registered company
– Government company
2. On the basis of public interest
Private limited company ( min. amount)
Public limited company ( Max. amount)

13. • 3. on the basis of control
– Holding company
– Subsidiary company
• 4. on the basis of nationality
– Indian company
– Foreign company
• 5. on the basis of area
– NATIONAL COMPANY
– MULTINATIONAL COMPANY

14. Cooperative

15. characteristics
• Voluntary association
• Equal voting rights
• Service motive
• Separate legal activity
• Open membership
• State control
• No share transfer

18. PUBLIC / STATE ENTERPRISES
• Ex:Railways,India post, All india radio
• It are autonomous or semi autonomous
• CHARACTERISTICS:
– Financed by government
– Financial independence
– Government management
– Public services
– Legistrative control

19. Public Corporation
• It is a autonomous body corp. created by
central / state government
• EX: RBI, LIC, etc,.

20. Government company
• A company owned by central / state
government
• EX: SAIL, BHEL, CIL etc.,