Day: January 28, 2022

Incorporated Business We have so far looked at unincorporated business and have seen the main features of such business is that they do not have a separate legal existence from the owners. We shall now focus on business units that Read More …

According to the partnership Act. A partnership is referred to as a relationship which subsists between persons carrying on a business in common with view of making profits. A partnership is thus an extension of sole proprietorship and is in Read More …

Sole means single while proprietorship refers to the owner of a business owned by one person who takes responsibility on risks of the business. He either enjoys the profits or servers the losses of the business alone. Formation of Sole Read More …

These are business which do not have separate entity ( existence from that of their owners) According to law such organizations are one and same in the existence of the owner. They do not have separate rights and obligations from Read More …