ENTREPRENEURSHIP

Various Forms of Business Organization

Table of Content

Business organization3

Sole Proprietorship3

Advantages3

Disadvantages4

Partnership4

Advantages4

Disadvantages4

Corporation5

Advantages5

Disadvantages5

Limited Liability Company5

Advantages6

Disadvantages6

Conclusion7

Various Forms of Business Organization

Business organization

A business organization corresponds to the process of organizing resources (human, financial and material) available to the company to achieve the desired objectives. Any company or organization always seeks a goal, be it social, economic or financial, to achieve the objective must be clear, precise and concise (Matthew, 2005).

Sole Proprietorship

A sole proprietorship is a business with only one leader and above all, with no legal personality, although it is included in the business directory or register of commerce and companies. This is not necessarily a ...