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Types of ownerships
 Sole proprietorship
 Partnership
 Joint stock company
(a) Private limited
(b) Public limited
 co-operative socities
 Public sector organisation
Sole proprietorship
 The entire business controlled by single person
 Own capital
 He is the only decision maker
 Ex:-small scale industries
Advantages:
 Easy to start
 Simple Organization
 Requires less capital
 Business secrecy can be maintained
 Free from government regulations
Disadvantages:
 Limited capital
 Unlimited liability
 Managerial skill is limited
 Risk is high
Partnership
 Partnership is based upon a written agreement between the partners
Types of partners:
 General partner
 Active partner
 Limited partner
 Sleeping partner
 Nominal partner
 Miner partner
Joint stock company
Two types of joint stock company:
 Private limited joint company
 Public limited joint stock company
Private limited joint stock company
• Mainly friends & relatives are the owners of the company
• The minimum persons are 2 and maximum is 50
• Need not to produce accounts to public
• The transfering shares are restricted
Public limited joint stock company
• The company will starts the issuing prospectus
To public
• The minimum persons are 7 & no restriction over maximum persons
• They can registered the company under the companies Act
• Must to produces accounts to public for a financial year

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