1. INDUSTRIAL OWNERSHIP
Prepared by:-
VIVEK KAR
BE/5766/07
PRODUCTION DEPT.

2. INTRODUCTION:-
To start a business enterprise the most important thing required is the capital.
If the capital is provided by single individual, it is known as Individual ownership,
If the capital is supplied by two or more persons, it refers to partnership organization.
If the capital is provided by many persons in the form of shares to an institute with a legal entity, it is called a Joint Stock Company.
3. TYPES OF OWNERSHIP:-
The different types of ownership are:-
Single ownership (Private Undertaking).
Partnership.
Joint Stock Companies.
Cooperative organization.
State and Central Government owned.
4. SINGLE OWNERSHIP:-
A business owned by one man is called single ownership. It is called a single ownership when an individual exercises and enjoys these rights in his own interest. Single ownership does well for those enterprises which requires little capital and lend themselves readily to control themselves readily to control by one person .
5. ADVANTAGES OF SINGLE OWNERSHIP:-
Easy to establish as it does not require to complete any legal formality.
Simplicity of organization.
The expenses in starting the business are minimal.
Owner is free to make all decisions.
This type of ownership is simple, easy to operate and extremely flexible.
The owner enjoys all the profits.
Minimum legal restriction are associated with this form of ownership.
6. DISADVANTAGESOF SINGLE OWNERSHIP:-
The owner is liable for all obligations and debts of the business.
The business may not be successful if the owner has limited money, lacks ability and necessary experience to run the business.
Because of relatively unstable nature of the business, it is difficult to raise capital for expanding the business.
There is limited opportunity for employees as regards monetary rewards(e.g., profit sharing, bonus, etc) and promotions.
If business fails , creditors can take the personal property as well as the business property of the owner to settle their claims.
7. PARTNERSHIP:-
A partnership is a type of business entity in which partners (owners) share with each other the profits or losses of the business.
Types of partnership:-
General partnership.
Limited partnership.
8. GENERAL PARTNERSHIP:-
In a general partnership, each partner has full agency powers and may bind the partnership by ant act, i.e., each partner may act as though he were an individual proprietor.
9. ADVANTAGES OF GENERAL PARTNERSHIP:-

Large capital is available to the firm.

10. The firm possesses much better talents, judgment and skills. 11. Incentive for success is high. 12. For all losses, there are more than one person to share them. 13. Partnership associates tax advantages with it.