There are different types of debentures, which probably used nowadays for raising finance. But before moving towards the types of debentures, let’s see what is a debenture? The term debenture is derived from the Latin word “debere” which means to money owing.
Public Limited Company
Before knowing the formation of the company, let’s have a look at a public limited company. According to the companies ordinance (1984) public limited company means a company. Actually which is held by its articles of association.
Advantages and Disadvantages of Sole Proprietorship: A sole proprietorship is called individual person business. It can be defined as a form of business in which an individual person invests his own capital, uses his own talent and experience dealing with the affairs of management, assumes all the threat of a business and also responsible for the result of the operations”.
Business Organization is the combination of business and organization. In order to understand the nature and importance of a business organization, it is necessary that the meaning of these two words should be clear to everyone.
There are basically three types of business organizations and for every sort of business organization sources of finance are important to have. Through these sources of finance, business meets it’s basic and day to day needs. Sole proprietorship and partnership form of business organization are mostly run on a small scale basis. They generally meet their fixed and working capital requirements from their own capital.