Comparison among Different Forms of Organisations

Proprietory ConcernsJoint Stock CompaniesCo-Operative SocietiesPublic Undertakings
Role of Capital   
Limited to personal capacityVastSecondary RoleNo equity interest of shareholders
Ownership & Control   
Proprietor or PartnersShareholdersMembers / ShareholdersGovernment
Transfer of Ownership   
Consent of all owners requiredShares are freely transferable in case of Public Ltd. Co.; restricted in case of Pvt. Ltd. CompaniesMembership can be withdrawnTransferable in case of joint stock company form
Management   
Limited managerial abilityExpert Management; ownership separated from managementDemocratic management with the rule `one member one vote’By Government or Governing body

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