CORE CONCEPTS OF MANAGEMENT
MARKETING MANAGEMENT
FINANCIAL MANAGEMENT
HUMAN RESOURCES MANAGEMENT
OPERATIONS & PRODUCTION MANAGEMENT

Types of Business Organisations
Any form of business needs legal sanction. Local and national laws of the country and region will apply. Therefore, it is imperative that a manager understands the various ways in which businesses can be organised. This lesson introduces some of the common forms of business organisations, including some forms unique to India like the Joint Hindu Undivided Family fi rm. The original forms, of many a present day blue chip Indian company, are illustrated. Different types of organisations like Sole Ownership, Partnership, Private Limited Company, Public Limited Company, Joint Stock Company along with the rationale for adopting these forms are explored. What form of business organisation is the best under a particular set of conditions? What advantage or disadvantage does it have over other forms of business? Formalities to be gone through and some of the quasi-legal processes required for starting a business: Memorandum of Association, Articles of Association, appointment of Directors, etc. are discussed by the author, Dr. B K Chandrashekar, formerly Professor of Law at IIMB.
CC/LAW1

18 Mins

25 Mins

40 Pages
Equivalent classroom time: 2hrs