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Monday, 30 May 2011

Describe the Qualities of an Ideal Form of Organization

There are various kinds of business organization and each partner selects any one keeping in view his circumstances. Any how following are the important factors for choosing the ideal form of organization.

1. Easy Formation.

2. Easy Financing.

3. Limited Liability.

4. Flexibility in Business Operation.

5. Secrecy.

6. Lighter Tax Liability.

7. Saving of time, money and Energy.

8. Stability in Life.

9. Control of owners in the Management.

10. No risk of Fraud.

11. Easy Transfer.

12. Minority Protection.

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