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FORMS OF BUSINESS ORGANIZATION
The paper has analyzed various forms of business organizations and how the fuction to ensure proper management is carried out.
|language || ||english
|wordcount || ||3488 (cca 9.5 pages)
|contextual quality || ||N/A
|language level || ||N/A
|price || ||free
|sources || ||4
Table of contents
CHAPTER ONE 2
SOLE PROPRIETORSHIP 2
CHARPTER TWO 5
CHAPTER FOUR 9
LIMITED LIABLITY COMPANIES. 9
CHAPTER FOUR 13
CHAPTER FIVE 16
Preview of the essay: FORMS OF BUSINESS ORGANIZATION
A sole proprietorship is a person who enters business on his own account, contributing the start up capital, labouring in it with or without the assistance of employees and receiving as his rewards proceeds of the venture. It can also be defined as a one man business. A sole trader owns the business alone; he can also be the risk taker. He comes up with the business ideas, plans, organizes and makes all the decisions regarding ...
... purchased syndicate benefit from economies of large scale operation i.e. reduced costs
(b) Members of syndicate are usually specialist hence work efficiently and effectively.
Disadvantages of syndicates
(a) It is difficult to integrate and coordinate the various conflicting interests of members.
(b) The proportion of profits realized by the syndicates is relatively small
Reasons of dissolution
(a) When the expiry period has been attained
(b) Occurrence of some unforeseen contingencies
(c) Mutual agreement among the members
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