Trying to understand “Business” -(part I)

🙏नमस्कार 🙏

Today we are going to discuss business.
Any commercial, industrial, professional activities with the main goal of earning profit are business.
आसान भाषा में yahi की profit kamane k liye किया गया हर छोटा-बड़ा काम Business है l
Not all businesses actually are successful enough to make a profit, पर profit generate करना हर business का main objective होता है l
Ek individual और ek company profit earn करने के liye business करते है पर उनके business करने का तरीका अलग है l let’s discuss it in detail.

Types of business –

• sole proprietorship
• partnership
• corporation

1. sole proprietorship –
It is a business with only one owner, i.e. a business that has no separate existence from its owner.
आसान भाषा में samzte है l for example ek चायवाला है jo ek particular जगह pe चाय का business करता है l
The sole proprietorship is not a legal entity. Sole proprietorship का एक main disadvantage है that the owner is not protected with limited liability.

2. Partnership –
In this type few partners join to form a business. In partnership, two or more people come together to start a business. They are called partners. Partnership business में partners liabilities और profit equally share karte है l
• General partnership में profit और loss partnership percentage pe depend करता है l

• limited liability partnership (LLP )में सभी partner ko Limited partnership offer ki जाती है l

• In LLP No partner is liable for the action of the other partner and every partner has a separate legal entity.

• Limited partnerships are a hybrid of general partnerships and limited liability partnerships. At least one partner must be a general partner, with full personal liability for the partnership’s debts. 

3. Corporation –
Corporation business में Corporation के owners shareholders hote है l shareholders exchange consideration for the common stock. Corporation business में involve सभी लोग single entity की तरह काम करते है l
• ‘Limited liability ‘ corporation का important element है l
Thanks for reading our article.
Ye थी business से releated information .
Business से related और information अगले part में discuss करेंगे तब तक के liye stay tuned.

ll धन्यवाद ll 

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