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Forms Of Business Organization

Question

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Would you say that the sole proprietorship involves a lengthy and expensive procedure for its registration?

Solution

The sole proprietorship does not involve a lengthy and expensive procedure for its registration.
There is hardly any problem involved in setting up this type of organization.
It is not governed by any specific law.

Some More Questions From Forms of Business Organization Chapter

Define company.

What do you understand by a Private Company?

What do you understand by a Public Company?

Under what circumstances, is a partnership form of business organisation suitable ?

Write a short note on 'implied agency', one of the important characteristics of partnership and also true test of partnership.

Would you say that the sole proprietorship involves a lengthy and expensive procedure for its registration?

Explain whether the liability of a sole proprietorship is limited to the extent of his share in business.

Only the Karta has unlimited liability in HUF. Explain.

Define 'Partner by Holding Out'.

Explain how the company is an artificial person.

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