Introduction to Business

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…

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…

Joint Stock Company: A company is an association of persons formed for carrying out business activities and has a legal status independent of its members.…

A partnership is a voluntary association of people who come together for achieving common objectives. In order to enter into the partnership, a clear agreement…

Partnerships can be classified on the basis of two factors- duration and liability. On the basis of liability, the two types of partnerships- one ‘with…

Partnerships can be classified on the basis of two factors- duration and liability. On the basis of duration, there can be two types of partnerships:…

Partnership Business: The inherent disadvantage of the sole proprietorship in financing and managing an expanding business paved the way for partnership as a viable option. Partnership…

Sole proprietorship is a popular form of business organization and is the most suitable form for small businesses, especially in their initial years of operation.…

Features of Sole Proprietorship form of organization are as follows: (i) Formation and closure: Hardly any legal formalities are required to start a sole proprietary…

The major functions of World Trade Organization (WTO) include: Promoting an environment that is encouraging to its member countries to come forward to World Trade…