Define Joint Venture
Business organizations as you have studied earlier can be of various types private or government owned or global enterprises. Now, any business organization if it…
Business
Features of Statutory Corporations
A statutory corporation is an autonomous corporate body created by a Special Act of Parliament or state legislature with defined functions, powers, duties, immunities, etc.…
Characteristics of Government Companies
Government companies have certain characteristics which makes them distinct from other forms of organizations. These are discussed as follows: (i) It is an organization created…
Define and Describe on Sole Proprietorship
Sole proprietorship refers to a form of organization where business is owned, managed and controlled by a single individual who bears all the risks and…
Define and Describe on Cooperative Society
A cooperative society is a voluntary association of persons who get together to protect their economic interests. The major advantages of a cooperative society are…
Define and Describe on Statutory Corporations
Statutory corporations are public enterprises brought into existence by a Special Act of the Parliament. The Act defines its powers and functions, rules and regulations…
Privileges of Private Limited Company against Public Limited Company
The following are some of the privileges of a private limited company as against a public limited company: A private company can be formed by…
Define Public Company
A public company means a company which is not a private company. A public company is a company that has issued securities through an initial public…
Define Private Company
A private company means a company which: (a) restricts the right of members to transfer its shares; (b) has a minimum of 2 and a…
Features of Joint Stock Company
The definition of a joint stock company highlights the following features of a company. Artificial person: A company is a creation of law and exists…
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