BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A, Joint stock companies, limited liability companies with 1 or 2 members or more
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B. Joint-stock companies, limited liability companies with 1 or 2 members or more, partnerships
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C. Joint stock companies, limited liability companies with 1 or 2 members or more, partnerships, groups of companies
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D. Joint-stock companies, limited liability companies with 1 or 2 members or more, partnerships, groups of companies and private firms
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Detailed explanation-1: -There are 7 types of entities recognized under the Indian Law namely Private Limited Company, Public Company, Sole Proprietorship, One Person Company, Partnership, Limited Liability Partnership (LLP). Private Limited company is the most preferred form of business.
Detailed explanation-2: -Types of Joint Stock Company The joint stock company is divided into three different types. Chartered Company – A firm incorporated by the king or the head of the state is known as a chartered company. Statutory Company – A company which is formed by a particular act of parliament is known as a statutory company.
Detailed explanation-3: -The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation.