BUSINESS ORGANISATION

SOLEPROPRITORS

HIP

♦ One person ♦ Personal control♦ Individual risk♦ Unlimited liability

PARTNERSHIP

♣ Two/more

persons

♣ Agreement

♣ Sharing

profit

♣ Unlimited

liability

CO – OPERATIVE SOCIETIES

♠ Voluntary

association♠ Association of persons

♠ Open membership♠ Democratic management