Businee Forms Revised

7/31/2019 Businee Forms Revised

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FORMS OF BUSINESS

ORGANISATIONWith ref to BUSINESS

MODEL OF


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CONCEPT

A set -up which undertakes business

activities by producing and / or distributinggoods and services with the main aim of

earning profit.


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SOLE TRADING CONCERNS

Easiest form to set up and most common entity inIndia.This does not even require a formal registration withthe Registrar of Companies (ROC) however trade

related licenses that are mandatory have to beobtained.The businesses usually involve less risk, smallmarket, small capital and in turn have limited growth

potential.Freelancers, small traders, people who ply their skillsand craftsmanship such as tailors, bakers, etc.


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JOINT HINDU FAMILY BUSINESSunique to IndiaHindu undivided family do business jointly under the control of the head of the family who is known as the 'Karta'.It comes into existence by the operation of Hindu law and notout of contract.It is managed generally by the Karta. He has the authority toobtain loans against the family property or in other ways.Other members have no right of management nor to contractloans binding on the joint-family property.

Women can not be Karta.Farmers/ Individual money lender


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PARTNERSHIP FIRMA partnership is a business entity having two or more owners.Earnings are distributed according to the partnership agreement and are treated as personal income for tax purposes. The amount and nature of their respective capital contributions

(e.g., one partner might contribute cash, another a patent, and a third property and cash) Depending on the partnership agreement, the partnership may have a limited life. Unless otherwise specified, it will end upon the withdrawal or death of any partner. Chartered Accountant Firms / Legal firms/ small NursingHome/ small consultancy .


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JOINT STOCK COMPANY An organization that falls between the definitions of a partnership andcorporation.This type of company issues stock and allows for secondary market

trading; however, stockholders are liable for company debts.

RIL / TISCO/SAIL/OIL

Corporations: A legal entity that is separate and distinct from its owners. Corporationsenjoy most of the rights and responsibilities that an individual possesses;that is, a corporation has the right to enter into contracts, loan and borrowmoney, sue and be sued, hire employees, own assets and pay taxes.municipal corporations in India / state transport (equity owned by State)


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COOPERATIVE SOCIETY

those who want to work together with some commoneconomic objective can form a society which is termed as co -operative society. It is a voluntary association of persons who work together topromote their economic interest. It works on the principle of self-help as well as mutual help. The main objective is toprovide support to the members.Nobody joins a cooperative society to earn profit. People comeforward as a group, pool their individual resources, utilise themin the best possible manner, and derive some common benefitout of it.Gujarat Co-operative Milk Marketing Federation that sells

AMUL milk products / Urban Cooperative Banks/ Housing Co-operative Society / Haryana Handloom / Kendriya Bhandar,

Apna Bazar and Sahkari Bhandar


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GUESS THE BUSINESSFORM?


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INTRODUCTION

IT ALL BEGAN WHEN MILK BECAME A SYMBOL OF

PROTEST.

FORMED IN THE YEAR 1946.

FOUNDED BY DR. VERGHESE KURIEN : FATHER OFWHITE REVOLUTION IN INDIA


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AMUL BUSINESS FORM

GCMMF

(GUJRAT CO-

OPERATIVEMILK

MARKETING

FEDRATIONLtd.)


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AMUL

BUSINESSMODEL


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THANK YOU.!

Businee Forms Revised

Documents

Transcript of Businee Forms Revised