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Hybrid Business

              Hybrid  business is a  business in  which the entrepreneurs  provide services  along with the product. They
              are engaged in services and manufacturing as well. They neither offer pure intangible nor pure tangible
              commodities. For example restaurants, they offer services in the form of a dining experience and food served
              as the product.





























                 TYPES OF BUSINESS FOUND IN OUR COMMUNITY
              As an entrepreneur in India, one can own an enterprise in the following framework.

              Sole Proprietorship

              A sole proprietorship is a type of enterprise that is owned, managed and controlled by a single individual.
              The business and the owner have no separate legal existence. All the profits, as well as losses, belong to the
              proprietor.

              Partnership

              A partnership firm is formed by two or more people. The owners of the enterprise are called partners. A
              partnership deed must be signed by all the partners. The profits   losses are shared by the partners. A firm
              has a limited life span and must be dissolved when any one of the partners dies or claims bankruptcy.

              Limited Liability Partnership (LLP)

              In a  imited  iability Partnership or   P, the partners of the firm enjoy perpetual existence as well as the
              advantage of limited liability. Each partner s liability is limited to their agreed contribution to the   P. The
              partnership and its partners have a separate legal existence.
              Cooperative Business

              A co-operative business is a member-owned business structure and usually allows a limited distribution of

              profits to members. It is a kind of private business organisation in which the consumers who use its products
              and services are its owner. It is a co-operation of individuals who coordinate among themselves to achieve
              the desired target.




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