Forms Of Business Organization In Ethiopia Pdf
1 Sole proprietorship 2 Partnership 3 Co-operative Society 4 Joint stock company Private and Public These are explained in brief as follows-31 OBJECTIVES At the end of this lesson you will be able to know z Various forms of organization. Negoution of bills of exchange 158.
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In the commercial code of article 212 there are six forms of business organizations as follows.

Forms of business organization in ethiopia pdf. Easiest form of business to set up and dissolve. The Commercial Code of Ethiopia defines a business organization as follows. Haile Selassie I - 17-9-52 - No.
Cooperative Business Principles Cooperative Information Report 45 Section 2 A building has a foundation which supports the rest of the structure. The coop-erative form of business also is built on a. Berhanena Selam Pinting Press of HIM.
It is important to select the most appropriate form of ownership that best suits your needs and the needs of your business. A sole proprietorship also known as a consultant independent contractor or freelancer is a business owned by a single person. A partnership is an ordinary partnership within the meaning of this Title where it does not have characteristics which make it a business organization covered by other Title of the code.
Business can be set up in the form of sole proprietorship business organizations incorporated in Ethiopia a private limited company a share company or partnerships branch of a foreign company public enterprises and cooperative societies. Business can be set up in the form of sole proprietorship business organizations incorporated in Ethiopia a private limited company a share company or partnerships branch of a foreign company public enterprises and cooperative societies. Sole proprietorship partnership or corporation.
Pros and cons of a Sole Proprietorship Pros. The various forms of organization are as follows. Without it the building probably would not stand very long.
2 Describe the sole proprietorship and partnership forms of organization and specify the advantages and disadvantages. Forms of Business Ownership Learning Objectives 1 Identify the questions to ask in choosing the appropriate form of ownership for a business. Some of the advantages are.
2071-52 - 5000. A sole business person. The legal entity can be in any form of a business organization.
This section will examine the first two forms of business ownershipsole proprietor-ship. Simplicity in retirement plans. Some of the main types and more common business forms types in Ethiopia.
Its easier to start and close. Of Ethiopia provides six forms of business organizations among which two of them are companies namely share companies and private limited companies. In Ethiopia private limited companies are dramatically increasing in all corners of the country and its role in the economy of the country is also considerable.
Sole proprietorships are the most common form of business organization Beatty 2006 p. There are various forms of partnerships such as ordinary partnership general partnership and limited. The business is owned by one person.
Joint Venture just like the other business organizations is a vehicle to the economic activities of a country and being so it would be pertinent to explore the salient features of such business organization with a view to assess its legal and economic significance. BUSINESS ORGANISATIONS INCORPORATED ABROAD 111 113 114 117 117 OR OPERATING ABROAD 121. Legal frameworks governing such type of business organization.
Establishment and form of bills of exchange 156 Section 2. A Business organization is any association arising out of a partnership agreement According to this definition there are eight forms of business organizations. 3 Identify the different types of partnerships and explain the.
The business is owned by at least two persons through a partnership agreement.
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