FORMS OF BUSINESS ORGANIZATIONS

A COMMERCIAL ORGANIZATION CAN BE DEFINED AS " THE FRAMEWORK  OR STRUCTURE OF EFFICIENTLY CONDUCTING INDUSTRIAL AND COMMERCIAL ACTIVITIES TO EARN PROFIT OR WITH A VIEW TO GAIN IT THROUGH PRODUCTION AND SUPPLY OF GOODS AND SERVICES"

PRIVATE SECTOR                                          PUBLIC SECTOR 

SOLE PROPRIETORSHIP                          DEPARTMENTAL UN

JOINT HINDU FAMILY                            DERTAKING

PARTNERSHIP FIRM                                  

JOINT STOCK COMPANIES                     STATUTORY CORPO

COOPERATIVE SOCIETIES                         RATIONS  

                                                                       GOVERNMENT 

                                                                            COMPANIES

SOLE PROPRIETORSHIP:

                                THE SOLE PROPRIETORSHIP IS AN INFORMAL TYPE OF BUSINESS OWNED BY ONE PERSON .SOMETIMES KNOWN FOR ONE MAN BUSINESS.

JOINT HINDU FAMILY BUSINESS:

                              WHEN A JOINT HINDU FAMILY CONDUCTS BUSINESS INHERITED BY IT AS PER HINDU LAW ,IT IS CALLED JOINT HINDU FAMILY BUSINESS.

PARTNERSHIP FIRM:

                               PARTNERSHIP FIRMS COMES TO EXISTENCE  BECAUSE OF LIMITATIONS AND FAILURE OF SOLE PROPRIETORSHIP MAINLY DUE TO LIMITED FINANCE AND MANAGERIAL SKILLS. 

CO OPERATIVE SOCIETY:

                                          A CO OPERATIVE ORGANIZATION  IS A VOLUNTARY  ORGANIZATION OF INDIVIDUAL FORMED IN ORDER TO ACHIEVE CERTAIN ECONOMIC OBJECTIVE . EACH FOR ALL AND ALL FOR EACH.

JOINT STOCK COMPANY:

                                       A JOINT STOCK COMPANY IS A VOLUNTARY ASSOCIATION OF INDIVIDUAL FOR PROFIT HAVING CAPITAL DIVIDED INTO TRANSFERABLE SHARES THE OWNERSHIP OR WHICH IS THE CONDITION ON MEMBERSHIP. 

 THIS IS ALL ABOUT HOW THE DIFFERENT FORMS OF BUSINESS WORKS IN THERE OWN WAYS AND RULES .