BA 100 Lecture Notes - Business Analysis, Cooperative Education, Feasibility Study
Document Summary
There are two branches of business organisation namely; This is the business owned by one person only. The owner supplies all the equity (captal or share capital). The owner is responsible for all the loans if any,taxes and the profits as well. The life of the business is tied to the owner i:e if the owner dies the business also dies. Proprietorship: owner"s possible lack of experience and. It offers limited oportunities to employees due to meagre resources. It is very dificult for sole proprietor to raise money from external pockets like banks. It has a short life span coz if the owner dies the business also dies. The acroname ltd means limited: unlimited liabilities. It"s an association of two or more individuals who enter a business as co-owners to share profits and losses. Name of the business partnership to b. express it"s identity.
