Business

What is the GAP Analysis? Gap analysis is the process which is used by business to move from present state to its desired future state for better future planning and effective internal control system. GAP which is existed into business is determined with help of the need analysis and gap analysis. In GAP analysis, two states are compared to find the gap and also taking the … [Read more...] about GAP ANALYSIS

What are the 4 types of Businesses Before starting a new business, you should know about the different types of business entities. As you know that business is an activity of Trading Goods or providing services for the sole motive of to earn profit. It serves the considerable assortment of our needs in the public eye. Types of business Entities by Ownership Sole … [Read more...] about What are the Types of Business

Definition of entrepreneurship It is the process of Entrepreneurship, start from creating a business idea, implementing the idea in shape of starting it and then running and developing business not only with available resources but also with creating new ones. Here Meaning is producing more and more results by using fewer resources. Sole trader ship is the simple example of … [Read more...] about Process and Characteristic of entrepreneurship

LLP is the abbreviation for limited liability partnership. In this type of partnership, liabilities of all partners are limited as capital investment. The difference between Limited partnership and in it is, here all partners have limited liability. There is no threat to personal property being sold for recovering the firm debts. This kind of business, will not be allowed in … [Read more...] about Features of Limited Liability Partnership LLP

The partnership has multiple types for partnership structure. A limited partnership is one of them. In this kind of agreement two types of partners participate one is the general partner and second having limited liability. As you know in partnership at least two partners are required. Both are the owner of business but one is playing one's role as Active partner and second, … [Read more...] about What is Limited Partnership and its Features