Financial Management the World of Finance

Financial Management the World of Finance

Introduction

Every business is established fo the purpose of making profits. They can usually be made by one person or by a group of people. Usually the business started by only one person is known as sole proprietership whereas the business that is started by a group of people is called partnership or joint stock organization.

Discussion

These forms of business have certain advantages and disadvantages due to which people want to adopt these forms of business. Therefore the three common forms of business organiszations are:

Sole Proprietership

Partnership

Joint Stock Corporations

Pros and Cons ...