PARTNERSHIP

PARTNERSHIP Limitations of the one-man business give rise to another form of business organisation,  partnership. Two, three or more people combine, contribute capital, and agree to Share profits and bear losses in agreed proportions Advantages This form of...

INDIVIDUAL ENTREPRENEUR

INDIVIDUAL ENTREPRENEUR The organizer of the one-man concern invests his own capital and may also borrow .some. He rents a shop and hires the service of an assistant, if necessary. He himself makes purchases and personally attends to the sales. He is his own manager....