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Business Organization

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Hello, I need help describing a scenario, either real or fictional, that depicts each of the following forms of business organization: Joint-stock company, Limited Liability Company, Partnership, and Sole Proprietorship.

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Solution Summary

This posting describes in the context of a fictional company NoLoss, the business organizations of Joint-stock company, Limited Liability Company, Partnership, and Sole Proprietorship.

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NoLoss PLC has a branch in Detroit USA that makes barbed wire. NoLoss is joint stock Company that is a public company, listed on the London Stock Exchange. A large proportion of its capital has been raised in the open market. Even though PLC shareholders do not have unlimited liability, the company can be taken over by another company through the purchase of a controlling interest in the shareholding.

Market Barbs is a Limited Liability ...

Solution provided by:
Hatim Baxamusa, MBA
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
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