CMAT Types of Business Organization Bible
Before starting, every entrepreneur chooses a legal form. This chapter compares sole proprietorship, partnership, limited liability partnership, private limited company and public limited company — ownership, liability, capital and control for each. CMAT tests this with "which is not a form of business organisation" questions, so know the valid forms exactly and spot the odd one out.
Full notes
Frequently asked questions
Is this chapter important for CMAT?
Moderately — one odd-one-out question in 2024.
What should I revise first?
The list of valid business forms and their liability.
Which CMAT papers asked this chapter?
Asked in CMAT: 2024.