A presentation on various forms of business enterprises in India, their advantages & disadvantages & establishment of a new business enterprise in India. Presented to the students of Maitri English School, Adipur, Gujarat.
This presentation makes an attempt to help a lay man understand briefly the various forms of business organisations prevalent in the Indian Business world.
A summary of the important topics and concepts of the chapter 'Forms of Business Organisations' of class XI, Business Studies. It ix expected to be useful for the students to have a quick revision.
This presentation makes an attempt to help a lay man understand briefly the various forms of business organisations prevalent in the Indian Business world.
A summary of the important topics and concepts of the chapter 'Forms of Business Organisations' of class XI, Business Studies. It ix expected to be useful for the students to have a quick revision.
This presentation is about various Forms of Business Organisations and their features, merits and demerits. It also guides an entrepreuner on how to make a choice among various forms of Business Organisations.
Unit iii forms of business organisationManish Kumar
Forms of Business organisation are legal forms in which a business enterprise may be organised and operated. Business concerns are established with the objective of making profits. They can be established wither by one person or by a group of persons in the private sector by only one person.
This presentation will help you to:
• explain the concept of business organisation;
• state the meaning and characteristics of Sole Proprietorship and Joint Hindu Family Business
• identify the merits and limitations of these forms of business organisation;
• describe the suitability of these forms of business organisation; and
• explain the steps in the formation of these business organisation.
Several forms of Business Organisations and their functionality, advantages & disadvantages.
Namely Sole Proprietorship, Partnership, Corporations and LLC.
Unit 2 Part 2 (BBA 104: Business Organisation) according to the syllabus of Kanpur University, Kanpur.
This presentation is about various Forms of Business Organisations and their features, merits and demerits. It also guides an entrepreuner on how to make a choice among various forms of Business Organisations.
Unit iii forms of business organisationManish Kumar
Forms of Business organisation are legal forms in which a business enterprise may be organised and operated. Business concerns are established with the objective of making profits. They can be established wither by one person or by a group of persons in the private sector by only one person.
This presentation will help you to:
• explain the concept of business organisation;
• state the meaning and characteristics of Sole Proprietorship and Joint Hindu Family Business
• identify the merits and limitations of these forms of business organisation;
• describe the suitability of these forms of business organisation; and
• explain the steps in the formation of these business organisation.
Several forms of Business Organisations and their functionality, advantages & disadvantages.
Namely Sole Proprietorship, Partnership, Corporations and LLC.
Unit 2 Part 2 (BBA 104: Business Organisation) according to the syllabus of Kanpur University, Kanpur.
Starting Up: Legal Aspects for ConsiderationGetEvangelized
This slide deck was presented by Sharanya Ranga, Universal Legal at the TiE Institute Knowledge Series session for Startin Up in Aug 2010, hosted by TiE Mumbai
Important Changes in Income Tax Provisions w.e.f. 1st April 2017Anuj Sharma
Simple and easy to understand Summary of important changes in Income Tax Act applicable from 1st April 2017 with special reference to cash transactions.
Please note that this is not an exhaustive list of changes. I have included only those changes which I believe are applicable to all of us in general and especially to Small & Medium Scale Businesses.
Distribution Management & Marketing MixAnuj Sharma
Distribution Management and Marketing Mix - Chapter 8 of Sales and Distribution Management - Text and Cases by Krishna K Havaldar & Vasant M Cavale. Presented to the students of Tolani Institute of Adipur as a part of their Sales & Distribution Management Course
Motivation, Compensation, Leadership, and Evaluation of Salespeople - Chapter 17 of Fundamentals of Selling by Charles M. Futrell. Presented to the students of Tolani Institute of Adipur as a part of their Sales Management Course
Career Counseling with a Management PerspectiveAnuj Sharma
Career Counseling presentation at a workshop held by Tolani Institute of Management Studies - TIMS, Adipur. Target audience: Graduates who are looking for a management career option.
Closing Begins the Relationship - Chapter 13 of Fundamentals of Selling by Charles M. Futrell. Presented to the students of Tolani Institute of Adipur as a part of their Sales Management Course
Elements of a Great Sales Presentation - Chapter 11 of Fundamentals of Selling by Charles M. Futrell. Presented to the students of Tolani Institute of Adipur as a part of their Sales Management Course
Planning the Sales Call is a Must - Chapter 8 of Fundamentals of Selling by Charles M. Futrell. Presented to the students of Tolani Institute of Adipur as a part of their Sales Management Course
Prospecting - The Lifeblood of Selling - Chapter 7 of Fundamentals of Selling by Charles M. Futrell. Presented to the students of Tolani Institute of Adipur as a part of their Sales Management Course
The psychology of selling: Why people buy - Chapter 4 of Fundamentals of Selling by Charles M. Futrell. Presented to the students of Tolani Institute of Adipur as a part of their Sales Management Course
Ethics First... Then Customer Relationships - Chapter 3 of Fundamentals of Selling by Charles M. Futrell. Presented to the students of Tolani Institute of Adipur as a part of their Sales Management Course
Relationship Marketing: Where Personal Selling Fits - Chapter 2 of Fundamentals of Selling by Charles M. Futrell. Presented to the students of Tolani Institute of Adipur as a part of their Sales Management Course
Selling as a profession - The Life, Times and Career of the Professional Salesperson - Chapter 1 of Fundamentals of Selling by Charles M. Futrell. Presented to the students of Tolani Institute of Adipur as a part of their Sales Management Course
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Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
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Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
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Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
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• Four (4) workplace discipline methods you should consider
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
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Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
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It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
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2. What is Business?
An organization or economic system where
goods and services are exchanged for one
another or for money.
Every business requires some form of
investment and enough customers to whom
its output can be sold on a consistent basis in
order to make a profit.
2
4. Advantages of Sole
Propreitorship
Easy establishment
Dynamism
Quick decisions & implementation
Maintaining secrecy
Managerial independence
Personal interest
Favourable for small interest
Low taxation
Other benefits
4
5. Limitations of Sole
Propreitorship
Unlimited liability
Limited capital
Limited capacity
Short life span
Faulty decisions
Unsuitable for big business
5
6. Partnership Firm
Relationship between two or more persons who have agreed to share the profits
of a business carried on by all or any of them acting for all
6
7. Characteristics of
Partnership Firm
Agreement based on relation
Written / Oral / Implied
Number of Partners
20 in general & 10 in banking business
Unlimited Liability
Legal activities
Profit motive
Life span
7
8. Contents of Partnership Deed
Firm’s name & address
Partner’s name, address, age, gender
Type of business activities
Capital of each partner
Ratio of distribution of profit / loss
Period & type of firm
Details pertaining to entry of partner & retirement
Interest on capital & withdrawals
Interest on loan from partner
Remuneration, salary, commission of active partners
Accounting methods & audit arrangement
Rights & Duties of partners
Arbitration clause
Opening & Maintaining bank account
Removal of partner
Authority to sign important documents on behalf of the firm
Provision for dissolution & settlement of accounts
8
9. Types of Partnership
According to
duration
Partnership
at will
Term
Partnership
Specific job
partnership
According to
liability
Unlimited
Liability
Limited
Partnership
According to
business
Banking Firm
General Firm
According to
registration
Registered
Firm
Unregistered
Firm
9
10. Types of Partners
Active Partner
Sleeping or Dormant Partner
Nominal Partner
Partner by Estoppel
Partner in Profit only
Minor as a partner
Partner with limited liability
10
11. Merits of Partnership
Easy establishment
More efficiency
More capital
More creditworthiness
Maintaining secrecy
Right decisions
Distribution of risk
Contact with customers
Dynamism
Decentralisation of economic power
11
12. Limitations of Partnership
Unlimited liability
Limited duration
Absence of ownership transfer
Possibility of dispute
12
13. 1. Management – Karta
2.Membership – By birth, minor is also member
3. Liability – Only Karta has unlimited liability
4.Membership Strength – No limit
5. Duration – Continues even after death of Karta
6.Insolvency – Karta & HUF both are declared
insolvents
13
15. Advantages of Co-Op Society
Easy to form – 10 or more members
Open & voluntary membership
Democratic management –Exec Committee
Limited liability
Separate entity – Death, resignation, insolvency
Economical – Members give voluntary service
Encouragement from Government
Economic uplifting of members – No middlemen
Social welfare activities – dispensaries, schools
Low burden of taxes
Training school of co-operation
15
16. Limitations of Co-Op Society
Limited Capital –Weak members & limit on
shares
Inefficiency – honorary members
Government interference
Difference of opinions amongst members
16
18. Characteristics of a Company
Compulsory registration
Separate and perpetual existence
Voluntary membership
Limited liability
Transfer of shares
Common seal
Management by representatives
Voting per share
18
19. Chartered
Company
Registered
Company
No. Of member
viewpoint
Private Company Public Company
Deemed Public
Company
Liability
viewpoint
Limited Liability
Limited by Share
Capital
Limited by Share
Guarantee
Unlimited
Liability
Control
viewpoint
Holding
Company
Government
Company
Subsidiary
Company
Registration
viewpoint
Indian Company
Foreign
Company
Company
created under
special law
Types of Companies
19
20. Advantages of Company
Limited Liability
High Capital
Separate & perpetual existence
Easy share transfer
Efficient management
Democratic management
Large scale production
Social benefits
20
21. Limitations of Company
Long & expensive incorporation procedure
Autocratic management
Observance of law – More legal interference
Probability of speculation
Delay in decision making
High administrative expenses
Difficulty in keeping secrets
High taxation
Absence of personal interest
21
22. Points of Difference Private Company Public Company
Number of Members Minimum 2 & Maximum 50
members
Minimum 7 & maximum
unlimited members
Share transfer Restricted Free
Number of Directors Minimum 2 directors Minimum 3 directors
Invitation to subscribe
for shares
Not allowed Allowed
Provision for minimum
subscription
No provision There is a provision
Name ‘Private Limited’ words are to
be added at the end of the
name
The word ‘Limited’ is to be
added at the end of the name
Beginning of business Immediately after Certificate
of Incorporation
Has to obtain Certificate of
Commencement
Articles of Association Has to prepare AoA Table – A can be accepted
First statutory meeting No need Compulsory within stipulated
time-period
22
23. Stages of Formation of Company
1. Promotion
2. Incorporation
3. Commencement of Business
23
24. Step 1: Promotion
Idea
Primary & extensive tests
Mobilising the resources
Making arrangement for finance
24
25. Step 2: Certificate of
Incorporation
Memorandum of Association
Articles of Association
List of Directors
Written consent of Directors
Acceptance to subscribe for qualification of
shares
The address of registered office
Statement of observation of law
25
26. Memorandum of Association
1. Name Clause
2. Registered Office Clause
3. Object Clause
4. Liability Clause
5. Capital Clause – Authorised & Paid-Up
6. Association Clause
26
27. Step 3: Certificate of
Commencement of Business
(Public Company)
Prospectus or statement in lieu of prospectus
Applying to recognised stock exchange
Determining & getting minimum subscription
Approving contracts entered prior to
Certificate of Incorporation & Commencement
Declaration of payment of qualification shares
Returning money to share applicants
27
28. Prospectus
Main objects
No. of qualification shares for directors
Details of Directors
Details of Auditors
Application & Allotment amount of shares
Details of Underwriting Agreement
Information about Primary Expenses
Information about Minimum Subscription
Statement about fictitious name
28
30. Limited Liability Partnership
Concept is still very new in India
Features of both partnership & company
Governed by LLP Act, 2008
Word ‘LLP’ has to be written at the end of the
name
LLP Agreement
Compulsory registration
Foreign nationals can be partners
Separate legal entity
Perpetual succession
LLP has its own common seal
30
31. Determining the Form of
Ownership of Business
Type of business
Size of business
Requirement of capital
Degree of risk
Need of managerial skill
Duration of business
Preference of directors
Interference of government
Tax burden 31
32. Factors to be Taken Into Account
While Starting a Business
Market
Location
Financial Requirement
Government Policy
Efficiency – Preference of Promoter
32
33. “Ethics is what you do when
no one is looking.”
~ George Bernard Shaw
33