Joint Stock Company|Choice Of Form Of Business Organisation|Summary

A business organisation today has to

Mr . Aman wants to set up a business organisation . He has two main expectations from the business organisation - (i) Limited Liability and (ii) Continuity . What form of business organisation is suitable for Mr. Aman ? Give reasons in support of your answer .

of greater complexity in our business organisation. Formerly a

Shikha is a sole proprietor .Over the past decade , her business has grown from operating a neighbourhood corner shop selling accessories such as artificial jewellery , bags , hair clips and nail polish to a retail chain with three branches , she is wondering whether she should form a company to better manage the business . She also has plans to open branches country wide . (a) Explain two benefits of remaining a sole proprietor . (b) Explain two benefits of converting to a joint stock company . (c) What role will her decision to go nationwide play in her choice of form of the organisation ?

Features of Joint Stock Company|Merits|Limitations|Types of Companies