PPT - Forms of Business Organisation Commerce Notes | EduRev

Business Studies (BST) Class 11

Created by: Nipuns Institute

Commerce : PPT - Forms of Business Organisation Commerce Notes | EduRev

 Page 1


FORMS OF BUSINESS 
ORGANIZATION
   
Page 2


FORMS OF BUSINESS 
ORGANIZATION
   
CONTENTS
•
Sole Proprietorship
•
Partnership (general & limited)
•
Joint Stock Company
•
Co-operative Society
Page 3


FORMS OF BUSINESS 
ORGANIZATION
   
CONTENTS
•
Sole Proprietorship
•
Partnership (general & limited)
•
Joint Stock Company
•
Co-operative Society
SOLE PROPRIETORSHIP
A sole proprietorship is a business owned 
and operated by one individual.
The shops or stores which you see in your 
locality — the grocery store, the vegetable 
store, the sweets shop, the chemist shop, 
the paanwala, the stationery store, the 
STD/ISD telephone booths etc. come under 
sole proprietorship. 
Page 4


FORMS OF BUSINESS 
ORGANIZATION
   
CONTENTS
•
Sole Proprietorship
•
Partnership (general & limited)
•
Joint Stock Company
•
Co-operative Society
SOLE PROPRIETORSHIP
A sole proprietorship is a business owned 
and operated by one individual.
The shops or stores which you see in your 
locality — the grocery store, the vegetable 
store, the sweets shop, the chemist shop, 
the paanwala, the stationery store, the 
STD/ISD telephone booths etc. come under 
sole proprietorship. 
Advantages
•
Easy to start
•
No registration
•
No profit sharing
•
Easy decision-making
•
Easy to windup
•
Secrets (information about business techniques)
•
No corporate taxes
Page 5


FORMS OF BUSINESS 
ORGANIZATION
   
CONTENTS
•
Sole Proprietorship
•
Partnership (general & limited)
•
Joint Stock Company
•
Co-operative Society
SOLE PROPRIETORSHIP
A sole proprietorship is a business owned 
and operated by one individual.
The shops or stores which you see in your 
locality — the grocery store, the vegetable 
store, the sweets shop, the chemist shop, 
the paanwala, the stationery store, the 
STD/ISD telephone booths etc. come under 
sole proprietorship. 
Advantages
•
Easy to start
•
No registration
•
No profit sharing
•
Easy decision-making
•
Easy to windup
•
Secrets (information about business techniques)
•
No corporate taxes
Disadvantages
•
Unlimited liability
•
Employee benefits i-e  Medical insurance 
premiums not deductible(taxes)
•
Raising funds
•
Limited Life
•
Loss in absence
Read More
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