Asked/Added Questions From NCERT:

It possess the following charactersitics:

(i) Single ownerful: It is run by single individual who owns and controls all assets of the properties of the business and bears all risks.

(ii) Individual Capital Contribution: Capital is arrangedby sole proprietor himself either from personal resonrces or through borrowing .

(iii) Individual Managementand Contorl: All business decisions are taken by sole prorietor himself.

(iv) No Sharing of Profiit and Loss: Entire profit arising out of business is enjoyed by sole proprietor himship.Similarly ,he himship has to bear all the business losses.

(v) Unlimited liability: In case of any loss ,sole proprietor's personal property can be used to pay off all the liabilities.

-Answered by Jyoti Srivastva On 23 August 2020:01:30:30 PM

(i) Distinct ownership: Business firm can be owned by an indivied or group of individuals jointly . 

(ii) Separate Status and Management: Every firm is a separate and an independent identity and no one can be accounted for any other's functioning.

(iii) Continutity in operations: Operations of every firm are carried on a continuous basis.

(iv) Lawful business: Business firms must carry on lawful business activities.

(v) Dealing in goods and services: Every firm is engaged either in production or distribution of goods and serices.

(vi) Rick involvement: Business involves rick and uncertainty due to uncertain future decisions.

-Answered by Jyoti Srivastva On 23 August 2020:12:43:35 PM

-Answered by Anjali Kumari On 12 October 2020:07:44:07 PM

HUF possess the following:

(i) Legal status : HUF is governed by hindu law, thus can enter into partnership agreements.

(ii) Membership : onlymale member who are coparceners by birth can be its member. 

(iii) Managment : All the affairs of HUF are managed by karta.

(iv) Liability : Liability of all except karta in limited .

(v) Fluctuating share : share of each member keeps on fluctuating by birth and death of male members.

(vi) Continuty : Death of any coparcener or even karta does not effects its continuity.

(vii) Profit sharing : All coparcener have equal share in the proits.

-Answered by Jyoti Srivastva On 19 August 2020:12:45:00 PM

 It is a most peculiar form of business organisation in which family possesses some inherited property and the head of the family konwn as karta manages its affairs.

-Answered by Jyoti Srivastva On 19 August 2020:12:36:33 PM

-Answered by Shruti Srivastva On 24 August 2020:05:27:35 PM

-Answered by Shruti Srivastva On 28 August 2020:06:03:47 PM

 Sole Proprietorship is a tpye of business unit where one person is solely responsible for proving the capital, bearing the risk enterpriese and for the managment of the business.

-Answered by Jyoti Srivastva On 18 August 2020:01:39:29 PM

(i) Acquire DPIN and DSC 

(ii) Register DPIN, DSC with LLP 

(iii) Cleck name availability 

(iv) Download UP forms

(v) File Electronically

(vi) Track status

(vii) Receive certificate.

-Answered by Jyoti Srivastva On 18 August 2020:01:11:06 PM

-Answered by Shruti Srivastva On 28 August 2020:06:04:42 PM

 It is the relation between persons competing to make contracts who agree to carry lawful business in common view of private gain

-Answered by Jyoti Srivastva On 18 August 2020:12:48:10 PM

 Business organisations are also konwn as business undertaking, enterprises firms or cohcerns. 

-Answered by Jyoti Srivastva On 18 August 2020:12:37:47 PM