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business Related: Sole Proprietorship - Forms of Business Organisatio...
Sole proprietorship : with this type of business organisation, u r the sole owner, nd fully responsible fr all debt nd obligations related to yr business. All profits r yrs to keep Becoz u r personally liable, a creditor can make a claim against yr personal assets as wll as yr business assets in order to satisfy any debts.

Forms of business organisations; A business enterprise is an organisation which ix engaged in some business or commercial activity. Every business enterprise's is a separate nd distinct unit of business. Various forms of business organisation from which r can choose the right r include
# sole proprietorship , # joint Hindu family business , # partnership , # co -operative societies, # joint stock company,
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business Related: Sole Proprietorship - Forms of Business Organisation - Business Studies (BST), CBSE Class 11
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