Introduction

Types of Business
1) Sole proprietorship:- also referred to as a sole trader or a proprietorship—is an unincorporated
business that has just one owner who pays personal income tax on profits earned from the business.
A sole proprietorship is the easiest type of business to establish or take apart, due to a lack of
government regulation

2) Joint Hindu family business:- It is a form of business, which is found only in India, and wherein the
business is owned and carried on by the members of the Hindu Undivided Family (HUF). It is
governed by the Hindu Law (The Hindu Succession Act, 1956).

3) Partnership:- There are several types of partnership arrangements. In particular, in a partnership

business, all partners share liabilities and profits equally, while in others, partners may have limited
liability. There also is the so-called "silent partner," in which one party is not involved in the day-to-
day operations of the business.

4) Joint stock Company:- A joint-stock company is a business owned by its investors, with each
investor owning a share based on the amount of stock purchased.Joint-stock companies are created
in order to finance endeavors that are too expensive for an individual or even a government to fund

5) Cooperative Societies:- A co-operative society is often a voluntary association of individuals who

come together with the intention to work together and to promote their economic interest. These
societies work on the principle of self-help as well as mutual help.