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Q: Why is the proprietor crucial in the private organisation?
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What are two features of a sole proprietor?

Sole proprietorship features: 1) They can not raise capital by issuing shares as public and private limited 2) proprietor can withdraw money for his personal use from capital ( hence it is not good practice but seen in many cases) 3) in sole proprietorship a proprietor can bring money as a unsecured loan and that will be treated as a capital while in private limited unsecured loan will be treated as a liability. 4) In sole proprietorship a personal asset can be taken away


Types of organisation?

following are the types of organisation 1-line organisation 2-line and staff organisation 3-functional organisation 4-divisional organisation 5-project organisation 6-matrix organisation 7-virtual organisation 8-free-form organisation 9-geographical organisation 10-committee organisation


What is sole proprietor?

A sole proprietor is someone who owns there own business. A newspaper stand for example. If you invest your money into your business, then create and run it ALL BY YOUR SELF, then the business is called a sole proprietorship, and you are the sole proprietor.


What are the personal and professional skills required to meet both organisational goals and objectives?

It depends upon your organisation and your attitude. Your personal ambition is also one of the crucial factors. Professional skills are required which are needed to do the job which you are assigned to do.


Can a garnishment be put against a sole proprietor?

A garnishment can be put against a sole proprietor to settle a debt. Despite their working situation, they are still under obligation.

Related questions

Which is the private organisation which provide first time internet in India?

Satyam Infotech is the first private organisation which provide internet in India


Why people or human resource are crucial in the organisation?

human resources are crucial in the organisation because an organiastion cannot run without it.Machines can be made and function only by the human resource


What is a private organisations?

a private organisation is someone who goes into to bisness by themselves


Are unions private companies?

No, unions are not private companies, but they are a type of economic organisation.


Is asda a private sector organisation?

Sidney is gay


What are the three main types of business organisation?

1.Sole Proprietor or Sole Trader 2.Partnership 3.Corporation or Company


What is public and private?

Public Ip is the IP which is visible in WAN meams which goes out as a representative of our computer but private ips are the ips which we use within a company or organisation. They can be used in any company but public ips are unique. In short Public Ip is for outside organisation and private ip is for inside organisation.


Is bcci a government owned or private organisation?

No, its a private club which is having its registration in tamil nadu


Can you convert proprietor firm into pvt ltd?

Yes you can provided the proprietor of the firm has at least 51% stake in the new private limited company failing which the company would be called NEW or 'SOLD'.


What is a private network within an organisation that resembles the internet?

Intranet (LAN)


What is proprietary database?

It is a database that is owned by a private company or organisation, and is not accessible to the public.


What is a proprietary database?

It is a database that is owned by a private company or organisation, and is not accessible to the public.