The main object of all business concerns is to earn profit by the use of capital, by the employment of labour, by utilizing materials and by producing or disposing of commodities.  Such a concern may be started either by one person or by a group of persons.  If only one person starts the business, it is called individual or sole proprietorship.  If a group of persons start the business that can be either partnership firm or Joint Stock Company or co-operative form of organisation.  Besides these, Hindu joint families also undertake business in India.  Thus, the various forms of business organizations are-

1. Sole proprietorship.
2. Partnership.
3. Joint stock companies.
4. Co-operative society
5. Joint Hindu family business