3b
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COMPARISON OF VARIOUS FORMS OF ORGANISATIONS
Sr.No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
25
FEATURE FORMATION CLOSURE CONTINUITY OF BUSINESS PERSONAL INTEREST PERSONAL TOUCH CONTACT WITH CUSTOMER BUSINESS SECRECY PROFIT SHARING DECISION MAKING QUALITY DECISION MAKING TIME FLEXIBILITY OF ORGN. ADMINISTRATION EXPENSES LIABILITY OF OWNER FINANCE AVAILABILITY TAXATION ON INCOME RISK OF BUSINESS CONTACT WITH SOCIETY LEGAL STATUS GOVERNMENT REGULATIONS ACCOUNTING & AUDIT EMPLOYEE RELATIONSHIP MANAGEMENT TYPE DIVISION OF LABOUR BUSINESS SIZE
CONTRIBUTION TO ECONOMY
SOLE PROP. EASIEST EASIEST DISCONTINUOUS MAXIMUM MAXIMUM DIRECT MAXIMUM NONE POOR FASTEST FLEXIBLE LOWEST UNLIMITED SCARCE SINGLE MAXIMUM POOR NONE LEAST REGULAR GOOD SINGULAR /LINE NOT POSSIBLE SMALL, SINGLE OWNER,RESTRICTED TO COMMUNITY DIFUSION OF POWER UNECONOMIC SIZE SOCIALISTIC SELF EMPLOYMENT
PARTNERSHIP PARTNERSHIP DEED REQD. DISSOLUTION DEED REQUIRED DISCONTINUOUS REGULAR AS PER PARTNERS SHARE REGULAR AS GIVEN BY PARTNERS DIRECT SHARED BY PARTNERS BETWEEN PARTNERS NORMAL FAST DEPENDS ON PARTNERS HIGH UNLIMITED DEPENDS ON NO. OF PARTNERS DOUBLE DILUTED DEPENDS ON WORKLOAD RECOGN. MORE REGULAR GOOD SINGULAR /LINE DEPENDS ON NO. OF PARTNERS SMALL, DEPENDS ON NO. OF PARTNERS & RESTRICTED TO CITY/DISTRICT LOW LIFE SPAN GOOD FOR ECONOMIC GROWTH COMPROMISED STRUCTURE SELF EMPLOYMENT
COMPANY INCORPORATION BY R.O.C. LIQUIDATION BY R.O.C. CONTINUOUS LESS SINCE MGMT & OWNERS SEPT. LESS SINCE MGMT & OWNERS SEPT. INDIRECT NO SECRECY BETWEEN SHAREHOLDERS GOOD SLOW DEPENDS ON ART.& MEM. OF ASSOC. HIGH LIMITED UNLIMITED DOUBLE LEAST POSSIBLE SEPARATE ENTITY MAXIMUM AUDIT COMPULSORY POOR COMPLEX/SCALAR SPECIALISED AREAS OF WORK DIV. NO SIZE LIMIT, NO SHAREHOLDER LIMIT TO LARGE ORG. PVT LTD. N.M.T. 50 CONC. OF POWER, WEALTH GOOD FOR ECONOMIC GROWTH CAPITALISTIC HIGH RISK VENTURES POSSIBLE
H.U.F. REGISTRATION DIVISION OF PROPERTY DEPENDS ON MALE OFFSPRINGS MAX SINCE FAMILY INVOLVED MAX SINCE FAMILY INVOLVED DIRECT SECRET AS SOLE PROP. FOR FAMILY , NIL FOR KARTA POOR FAST FLEXIBLE LOW UPON KARTA UNLIMITED LIMITED SINGLE, MAX BENEFIT HIGH POOR RECOGNISED SAME AS S.P. AUDIT COMPULSORY GOOD SINGULAR /LINE DEPENDS ON NO. OF FAMILY MEMBERS SINGLE , SAME AS S.P.
DECLINING ROLE IN ECONOMY PRIVILEGES OF HINDUS ONLY TAXATION BENEFITS, UNECONOMICAL SIZE FLEXIBLE
Sr.No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
25
FEATURE FORMATION CLOSURE CONTINUITY OF BUSINESS PERSONAL INTEREST PERSONAL TOUCH CONTACT WITH CUSTOMER BUSINESS SECRECY PROFIT SHARING DECISION MAKING QUALITY DECISION MAKING TIME FLEXIBILITY OF ORGN. ADMINISTRATION EXPENSES LIABILITY OF OWNER FINANCE AVAILABILITY TAXATION ON INCOME RISK OF BUSINESS CONTACT WITH SOCIETY LEGAL STATUS GOVERNMENT REGULATIONS ACCOUNTING & AUDIT EMPLOYEE RELATIONSHIP MANAGEMENT TYPE DIVISION OF LABOUR BUSINESS SIZE
CONTRIBUTION TO ECONOMY
SOLE PROP. EASIEST EASIEST DISCONTINUOUS MAXIMUM MAXIMUM DIRECT MAXIMUM NONE POOR FASTEST FLEXIBLE LOWEST UNLIMITED SCARCE SINGLE MAXIMUM POOR NONE LEAST REGULAR GOOD SINGULAR /LINE NOT POSSIBLE SMALL, SINGLE OWNER,RESTRICTED TO COMMUNITY DIFUSION OF POWER UNECONOMIC SIZE SOCIALISTIC SELF EMPLOYMENT
PARTNERSHIP PARTNERSHIP DEED REQD. DISSOLUTION DEED REQUIRED DISCONTINUOUS REGULAR AS PER PARTNERS SHARE REGULAR AS GIVEN BY PARTNERS DIRECT SHARED BY PARTNERS BETWEEN PARTNERS NORMAL FAST DEPENDS ON PARTNERS HIGH UNLIMITED DEPENDS ON NO. OF PARTNERS DOUBLE DILUTED DEPENDS ON WORKLOAD RECOGN. MORE REGULAR GOOD SINGULAR /LINE DEPENDS ON NO. OF PARTNERS SMALL, DEPENDS ON NO. OF PARTNERS & RESTRICTED TO CITY/DISTRICT LOW LIFE SPAN GOOD FOR ECONOMIC GROWTH COMPROMISED STRUCTURE SELF EMPLOYMENT
COMPANY INCORPORATION BY R.O.C. LIQUIDATION BY R.O.C. CONTINUOUS LESS SINCE MGMT & OWNERS SEPT. LESS SINCE MGMT & OWNERS SEPT. INDIRECT NO SECRECY BETWEEN SHAREHOLDERS GOOD SLOW DEPENDS ON ART.& MEM. OF ASSOC. HIGH LIMITED UNLIMITED DOUBLE LEAST POSSIBLE SEPARATE ENTITY MAXIMUM AUDIT COMPULSORY POOR COMPLEX/SCALAR SPECIALISED AREAS OF WORK DIV. NO SIZE LIMIT, NO SHAREHOLDER LIMIT TO LARGE ORG. PVT LTD. N.M.T. 50 CONC. OF POWER, WEALTH GOOD FOR ECONOMIC GROWTH CAPITALISTIC HIGH RISK VENTURES POSSIBLE
H.U.F. REGISTRATION DIVISION OF PROPERTY DEPENDS ON MALE OFFSPRINGS MAX SINCE FAMILY INVOLVED MAX SINCE FAMILY INVOLVED DIRECT SECRET AS SOLE PROP. FOR FAMILY , NIL FOR KARTA POOR FAST FLEXIBLE LOW UPON KARTA UNLIMITED LIMITED SINGLE, MAX BENEFIT HIGH POOR RECOGNISED SAME AS S.P. AUDIT COMPULSORY GOOD SINGULAR /LINE DEPENDS ON NO. OF FAMILY MEMBERS SINGLE , SAME AS S.P.
DECLINING ROLE IN ECONOMY PRIVILEGES OF HINDUS ONLY TAXATION BENEFITS, UNECONOMICAL SIZE FLEXIBLE
