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BUSINESS STUDIES PROJECT
DAV PUBLIC SCHOOL SECTOR 49 UPPAL SOUTHEND
DIYAXI E
Introduction here
Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet.
This is a paragraph of text waiting to be awesome subtitle
COOPERATIVE SERVICES
Data
Timeline
Team
Map
Index
SOLE PROPRIETERSHIP
INTRODUCTION
FORMS OF BUSINESS ORG
PARTNERSHIP
JOINT HINDU FAMILY BS.
COOPERATIVE SERVICES
INTRODUCTION
Hey !Wassup ? HERE FOR SOME INFO ? MAY I HELP YOU ..OFC I WOULD LOVE TO BUT LET ME TELL YOU WHAT YOU'RE GONNA EXACTLY KNOW IN THIS PRESENTATION . Okay so we're gonna start with types of forms of business organisations then we're gonna study some important subtopics and also about merits and demerits of each form .If you're curious enough about me I study in XI D and I chose commerce because making profits is what I was interested in! Let's just get started .
Write a subtitle here
01
01
FORMS OF BUSINESS ORGANISATIONS
Write a subtitle here
Title here
JOINT HINDU FAMILY BUSINESSES
01 Title your section
Write a subtitle here
02
SOLE PROPRIETORSHIP
Write a subtitle here
Sole proprietorship
- A business that can be owned and controlled by an individual,company or a limited liability partenership.
- There are no partner in the business.
- The legal status of a sole proprietorship can be defined as follows: It is not a seperate legal entity from the business owner .
- EXAMPLE : 1)APPLE 2)AMAZON 3)FLIPKART 4)GOOGLE
This is a paragraph of text waiting to be awesome subtitle
Introduction here
vs
ADVANTAGES TAXATION EASY FORMATION PROMPT DECISIONS EASY DISSOLUTION
DISADVANTAGESLIMITED RESOURCES UNLIMITED LIABILITY LIMITED BUSINESS LIFE SCALE OF BUSINESS AND EXPERTISE
03
PARTNERSHIP
Write a subtitle here
WHAT IS PARTNERSHIP ?
PROFESSIONALS LIKE DOCTORS AND LAWYERS OFTEN FORM A LIMITED LIABILITY PARTENERSHIP .
AN ARRANGEMENT BETWEEN TWO OR MORE PEOPLE TO OVERSEE BUSINESS OPERATIONS AND SHARE ITS PROFITS AND LIABILITIES.
+ info
+ info
IN GENERAL PARTENERSHIP COMPANY ,ALL MEMBERS SHARE BOTH PROFITS AND LIABILITIES .
EXAMPLE:1)RED BULL AND GO PRO 2)SPOTIFY AND UBER 3)LEVI'S AND PINTEREST 4)MARUTI SUZUKI
+ info
+ info
04
JOINT STOCK COMPANY
Write a subtitle here
Lorem ipsum dolor
Lorem ipsum dolor
Introduction here
You can write a title here
Joint stock company
A company is an association of
persons formed for carrying out Law does not recognise the business
and owners to be one and the same
Lorem ipsum dolor sit amet
Joint-stock companies are created in order to finance
endeavors that are too expensive for an individual or even a government to fund.
example: 1.INDIAN OIL CORPORATION LTD. 2.TATA MOTORS LTD. 3.RELIANCE INDUSTRIES
This is a paragraph of text waiting to be awesome subtitle
05
COOPERATIVE SERVICES
Write a subtitle here
The word cooperative means working together and with others for a common purpose.
The cooperative society is a
voluntary association of persons, who
join together with the motive of welfare
of the members. They are driven by the
need to protect their economic interests
in the face of possible exploitation at
the hands of middlemen obsessed with
the desire to earn greater profits.
+ info
06
JOINT HINDU FAMILY BUSINESS
Write a subtitle here
Joint Hindu family business is a
specific form of business organisation
found only in India
It is governed by the hindu law .
It refers to a form of organisation wherein business owned and carried on by the members
of the Hindu Undivided Family (HUF) The business is controlled by the head of the family who is the eldest member and is called karta. All members have equal ownership right over the property of an ancestor and they are known as co-parceners.
+ info
features
04
03
01
02
05
MINOR MEMBERS
LIABILITY
CONTROL
CONTINUITY
FORMATION
+ info
The control of the family
business lies with the karta. He takes
all the decisions and is authorised to
manage the business. His decisions
are binding on the other members
The liability of all
members except the karta is limited
to their share of co-parcenery property
of the business. The karta, however,
has unlimited liability.
There should be at
least two members in the family and
ancestral property to be inherited by
them.It is governed by the Hindu Succession Act, 1956.
The business
continues even after the death of
the karta as the next eldest member
takes up the position of karta, leaving
the business stable.
The inclusion
of an individual into the business
occurs due to birth in a Hindu
Undivided Family. Hence, minors can
also be members of the business.
there should be at
least two members in the family and
ancestral property to be inherited by
them. The business does not require
any agreement
THE MERITS
LET'S KNOW
limited liability of members
effective control
continued business existence
increased loyality and cooperation
Thanks!
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Transcript
This is a paragraph of text waiting to be awesome content
* Write a introduction here *
You can write an
BUSINESS STUDIES PROJECT
DAV PUBLIC SCHOOL SECTOR 49 UPPAL SOUTHEND
DIYAXI E
Introduction here
Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet.
This is a paragraph of text waiting to be awesome subtitle
COOPERATIVE SERVICES
Data
Timeline
Team
Map
Index
SOLE PROPRIETERSHIP
INTRODUCTION
FORMS OF BUSINESS ORG
PARTNERSHIP
JOINT HINDU FAMILY BS.
COOPERATIVE SERVICES
INTRODUCTION
Hey !Wassup ? HERE FOR SOME INFO ? MAY I HELP YOU ..OFC I WOULD LOVE TO BUT LET ME TELL YOU WHAT YOU'RE GONNA EXACTLY KNOW IN THIS PRESENTATION . Okay so we're gonna start with types of forms of business organisations then we're gonna study some important subtopics and also about merits and demerits of each form .If you're curious enough about me I study in XI D and I chose commerce because making profits is what I was interested in! Let's just get started .
Write a subtitle here
01
01
FORMS OF BUSINESS ORGANISATIONS
Write a subtitle here
Title here
JOINT HINDU FAMILY BUSINESSES
01 Title your section
Write a subtitle here
02
SOLE PROPRIETORSHIP
Write a subtitle here
Sole proprietorship
This is a paragraph of text waiting to be awesome subtitle
Introduction here
vs
ADVANTAGES TAXATION EASY FORMATION PROMPT DECISIONS EASY DISSOLUTION
DISADVANTAGESLIMITED RESOURCES UNLIMITED LIABILITY LIMITED BUSINESS LIFE SCALE OF BUSINESS AND EXPERTISE
03
PARTNERSHIP
Write a subtitle here
WHAT IS PARTNERSHIP ?
PROFESSIONALS LIKE DOCTORS AND LAWYERS OFTEN FORM A LIMITED LIABILITY PARTENERSHIP .
AN ARRANGEMENT BETWEEN TWO OR MORE PEOPLE TO OVERSEE BUSINESS OPERATIONS AND SHARE ITS PROFITS AND LIABILITIES.
+ info
+ info
IN GENERAL PARTENERSHIP COMPANY ,ALL MEMBERS SHARE BOTH PROFITS AND LIABILITIES .
EXAMPLE:1)RED BULL AND GO PRO 2)SPOTIFY AND UBER 3)LEVI'S AND PINTEREST 4)MARUTI SUZUKI
+ info
+ info
04
JOINT STOCK COMPANY
Write a subtitle here
Lorem ipsum dolor
Lorem ipsum dolor
Introduction here
You can write a title here
Joint stock company
A company is an association of persons formed for carrying out Law does not recognise the business and owners to be one and the same
Lorem ipsum dolor sit amet
Joint-stock companies are created in order to finance endeavors that are too expensive for an individual or even a government to fund.
example: 1.INDIAN OIL CORPORATION LTD. 2.TATA MOTORS LTD. 3.RELIANCE INDUSTRIES
This is a paragraph of text waiting to be awesome subtitle
05
COOPERATIVE SERVICES
Write a subtitle here
The word cooperative means working together and with others for a common purpose.
The cooperative society is a voluntary association of persons, who join together with the motive of welfare of the members. They are driven by the need to protect their economic interests in the face of possible exploitation at the hands of middlemen obsessed with the desire to earn greater profits.
+ info
06
JOINT HINDU FAMILY BUSINESS
Write a subtitle here
Joint Hindu family business is a specific form of business organisation found only in India
It is governed by the hindu law .
It refers to a form of organisation wherein business owned and carried on by the members of the Hindu Undivided Family (HUF) The business is controlled by the head of the family who is the eldest member and is called karta. All members have equal ownership right over the property of an ancestor and they are known as co-parceners.
+ info
features
04
03
01
02
05
MINOR MEMBERS
LIABILITY
CONTROL
CONTINUITY
FORMATION
+ info
The control of the family business lies with the karta. He takes all the decisions and is authorised to manage the business. His decisions are binding on the other members
The liability of all members except the karta is limited to their share of co-parcenery property of the business. The karta, however, has unlimited liability.
There should be at least two members in the family and ancestral property to be inherited by them.It is governed by the Hindu Succession Act, 1956.
The business continues even after the death of the karta as the next eldest member takes up the position of karta, leaving the business stable.
The inclusion of an individual into the business occurs due to birth in a Hindu Undivided Family. Hence, minors can also be members of the business.
there should be at least two members in the family and ancestral property to be inherited by them. The business does not require any agreement
THE MERITS
LET'S KNOW
limited liability of members
effective control
continued business existence
increased loyality and cooperation
Thanks!