Explain the forms of business enterprises under private sector

1.	Explain the forms of business enterprises under private sector
Answer» \tSole Proprietorship:\xa0Sole proprietorship refers to a form of business organization which is owned, managed and controlled by an individual who is the recipient of all profits and bearer of all risks.\tHindu Undivided Family Business:\xa0It refers to a form of organization wherein the business is owned and carried by the members of the Hindu Undivided Family (HUF).\tPartnership:\xa0Partnership is the relation between persons who have agreed to share the profit of the business carried on by all or any one of them acting for all.\tCooperative Society:\xa0Cooperative society is a voluntary association of persons, who join together with the motive of welfare of the members.\tJoint Stock Company:\xa0A company is an association of persons formed for carrying out business activities and has a legal status independent of its members.\tMultinational Corporations:\xa0An MNC is a company whose business operations extend beyond the country in which it has been incorporated. Infinitly solution

Discussion