Understanding entrepreneurship - Describe four forms of legal organization for a business and discuss the advantages and disadvantages of each
5 important questions on Understanding entrepreneurship - Describe four forms of legal organization for a business and discuss the advantages and disadvantages of each
What are the four forms of legal organizations:
2) general partnership
3) corporation
4) co-operative
A form of organization established when two or more individuals agree to combine their financial, managerial and technical abilities of the purpose of operating a business for profit?
An artificial being, invisible, intangible and existing only in contemplation of the law? or a business that is a separate legal entity that is liable for its own debts and whose owners liability is limited to their investment?
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An organization that is formed to benefit its owners in the form of reduces prices and the distribution of surpluses at year-end?
What are the six most common areas of business for a Co-operative:
- financial co-operatives
- insurance co-operatives
- marketing co-operatives
- service co-operatives
- housing co-operatives
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