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Sia ? 6 years, 3 months ago
A legal form of business operation between two or more individuals who share management and profits. The federal government recognizes several types of partnerships. In a general partnership, the partners manage the company and assume responsibility for the partnership's debts and other obligations.
Posted by Shruti Bhatnagar 6 years, 3 months ago
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Yogita Ingle 6 years, 3 months ago
The private sector consists of business owned by individuals or a group of individuals. The varios forms of organisation are- sole proprietorship, partnership, joint hindu family, cooperative and company.
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Sia ? 6 years, 3 months ago
You can check NCERT Solutions here : https://mycbseguide.com/ncert-solutions.html
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Yogita Ingle 6 years, 4 months ago
| Meaning | A public company is a company which is owned and traded publicly | A private company is a company which is owned and traded privately. |
| Minimum members | 7 | 2 |
| Maximum members | Unlimited | 200 |
| Minimum Directors | 3 | 2 |
| Suffix | Limited | Private Limited |
| Start of business | After receiving certificate of incorporation and certificate of commencement of business. | After receiving certificate of incorporation. |
| Statutory Meeting | Compulsory | Optional |
| Issue of prospectus / Statement in lieu of prospectus | Obligatory | Not required |
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Sia ? 6 years, 4 months ago
Outsourcing is yet another trend that is radically reshaping the business. It refers to long-term contracting out of generally the non-core business activities and of late even some of the core business activities to captive organization or third-party specialists with a view of benefiting from their experience, expertise, efficiency and even investment for the development of there product and by this way only outsourcing is representing a new mode of business.
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Yosheta . 5 years ago
9Thank You