Evolution of Business Organization

Having a business as a "Sole Trading Concern" is one option. One individual owns, runs, and directs everything there. The term "One Man Business" is often used interchangeably with this term. The term "So Trader" refers to an individual who acts as the business sole proprietor. Know more....

As per Hindu Law, a Hindu Undivided Family can only run a business jointly with its members. The only place you can find it is in India. The Hindu Succession Act of 1956 is the governing law. Know More...

A partnership firm is a business that is jointly owned, operated, and controlled by two or more people. The firm refers to the business and partners to its owners. In the Indian state of Maharashtra, a partnership must be registered. The Indian Partnership Act of 1932 governs partnership in India. Know More...

Partnership and Corporation characteristics are combined in a Limited Liability Partnership. Limited Liability protections provide partners the peace of mind that their own assets will not be taken to settle business debts, as the name suggests. The practice is now widely accepted in the business world. The 2008 Limited Liability Partnership Act is the law that applies to all limited liability partnership. Know More...

The term "Co-operative Society" refers to an organization of people who have voluntarily banded together for economic reasons. Service to others is central to the cooperative model. In accordance with the Maharashtra State Co-operative Societies Act of 1960, a co-operative society must be registered before it may begin conducting business. Know more...

The more formal business structure is the Joint Stock Company. In other words, it can meet the needs of contemporary manufacturing. For operations on a grand scale, this corporate structure is the most practical option.

This method of administration was pioneered in India during the early modern period. There are many varieties of Joint Stock Companies operating in India today, including public, private, government, statutory, etc. Know More...