IntroductionIf one is planning to set up a business or is concerned in expanding a business that already exists, an important decision has to be taken relating to the choice of the form of organization. The most apt form is resolute by weighing the pros and cons of each type of organization against one's own requirements.
Diverse forms of business organizations from which one can decide the right one include:
- Sole proprietorship,
- Joint Hindu family business,
- Cooperative societies, and
- Joint stock company.