answersLogoWhite

0

What are the major legal forms of business organization?

Updated: 8/20/2019
User Avatar

Wiki User

10y ago

Best Answer

Following are major forms of business organizations:

  • Sole properietorship
  • Partnership
  • Corporation
User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the major legal forms of business organization?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Business organization problems in Ghana?

major problems of business organizations


Give the 4 functions of business organization?

There are 4 major functions of business organization. These major functions include flow, communication, financial accountability, as well as leadership.


Discuss the merits of the three major legal of organization on businesses?

No way!


The first major business organization in the US was?

National Association of Manufacturers.


What is a small core organization that outsources major business functions?

matrix


Which of these is a major advantage of a coporation?

The major advantage of a corporation is that one has its legal recognition as a business entity which is a must requirement to grow one's business. One can register its business and can have legal advantages of registration. http://www.aidandtrade.com/


Where can you find contracts of employment?

In general, the legal department of any major corporation or business should be able to provide these contracts. Any attorney should have the forms or be able to give advice on how to obtain one.


What are the major economic forces affecting a business organization?

it can by allowing the companies/business to shut down


What three major functions of business organization can you enumerate and explain briefly?

finance, operation,marketing


What are the Three major forms of business ownership?

Sole-proprietor, C-Corp, LLC


Different types of business organization according to nature of business?

There are six major types of business organizations i.e. Sole Proprietorship, Partnership, Corporation, Trust, S-Corporation, and Non Profit Organization. A business enterprise can be owned and organized in several forms. Each form of organization has its own merits and demerits. The ultimate choice of the form of business depends upon the balancing of the advantages and disadvantages of the various forms of business. The right choice of the form of the business is very crucial because it determines the power, control, risk and responsibility of the entrepreneur as well as the division of profits and losses. Being a long term commitment, the choice of the form of business should be made after considerable thought and deliberation. The choice of the form of business is governed by several interrelated and interdependent factors. Sole Proprietorship Partnership Corporation


Legals Issues in the establishment of a business?

One of the major difficulties of conducting business in today's economy concerns the unclear legal jurisdiction surrounding many business transactions. The issue of unclear legal jurisdiction is especially keen in: