Organization or entity: an organization is a group of people to achieve a common objective. objective: service or profit Business organization: The organization which is established to earn a profit is known as a business organization. Proprietorship · owned, operated, managed, and controlled by a single person · unlimited liability of the owner Partnership · owned by two or more people. · divide their profit on the percentage of partnership (50/50 or 60/40 or any) · unlimited liability. Company · association of individuals ( group of people ) to achieve a common objective · incorporated under the company act of the concerned country · having a capital divided in to share · with limited liability . Company: according to company act,2063 company means any
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