Chapter 1 Tab #2 Chapter 1 Question [Dec 2020 2(a) (4 Marks)]X is planning to start a mobile based and web based business. In selection of suitable form of a business organisation, ‘degree of control and management’ plays a significant role. Explain how this factor affects the choice of form of organisation. AnswerThe degree of …
START UP AND ITS REGISTRATION Few Facts India is the 3rd largest startup ecosystem in the world Till now 28,000+ Startups are recognised by Department for Promotion of Internal Trade and Industry (DPIIT) India is home to 32 UNICORNS (startup) with valuation $1 Billion+ with a combined valuation of $100+ Billion The current median age …
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Limited Liability Partnership Introduction What is Limited Liability Partnership (LLP)?Limited Liability Partnership (LLP) is an incorporated partnership formed and registered under the Limited Liability Partnership Act 2008. Just like a Company, LLP form of business has limited liability and perpetual succession. It is an alternative corporate business vehicle that provides the benefits of limited liability …
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Forms of Business Organsation Introduction The most important forms of business organisation are as follows: Sole Proprietorship HUF Business Partnership Company Statutory Bodies and Corporations Co-Operatives Societies and Trusts Limited Liability Partnership Sole Proprietorship Introduction No law to regulate Sole Proprietorship. ‘Sole’ means single and ‘proprietorship’ means ownership. In this form of business, an individual …
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