Two individuals want to start an organisation but have a limited liability. What form of business organisation is this?
Sole Proprietorship
Joint Stock Company
Partnership
All of the above
Two individuals want to start an organisation but have a limited liability can only form a company.
The business assests of a organisation amount to Rs 20,000 but the liabilities that remained uppaid are Rs 45,000. What course of action can the creditors take if the organisation is a sole proprietorship firm ?