Merits and demerits of an organization which may help or hinder its progress.

1. An association where two or more persons come
together for a common business goal

2. Types
 Public Limited Company
 Private Limited Company

3. The quality of being particularly good
or worthy, esp. so as to deserve praise
or reward.

4. Merits of a Company
Large Capital
Wal-Mart
Microsoft
Apple
Share Transfer
Change of ownership
Profit for Buyer

5. Long life
 No single Ownership
Limited Liability
 Shared loss

6. Efficient management
Shared
Different levels
Different owner and manager
Risk sharing

7. Democratic control
Board of directors
CEO

8. Demerits
A quality or characteristic deserving
of blame or censure; a fault.

9. • Legal formalities
• No (lack of) interest
• Late decision

10. Costly organization
Increased taxes
Monitory rights