What is Tariff? Meaning, Types and Objectives of Tariffs

In simple words, a tariff is a duty or a tax imposed by one nation on the imported goods of another nation. Every country has a tariff ...

Business Combination: Definition, Types, Forms, Causes

When two or more independent business firms are combined for a common purpose is called business combination.  The combination among firms m...

Memorandum and Articles of Association

Both Memorandum and articles of association are required for setting up a company under Company Ordinance 1984. The memorandum of associatio...

Advantages and Disadvantages of Joint Stock Company

A joint stock company is a business organization. It is owned by general public who buy it shares. The person who holds shares of the compan...

Partnership Deed, Advantages, Disadvantages & Dissolution

Partnership is an agreement between two or more persons to carry on a business for profit as co-owners. It is the second commonest form of b...

Sole Proprietorship - Advantages and Disadvantages

Sole proprietorship is the most common and simplest form of the business and is own by one person. In this form of the business the owner in...

Common Problems Before Starting a New Business

The present business world is extremely competitive and in this situation starting a new business is a big challenge whether it is a small o...

Importance of Business in Present Day

Any legal activity to earn profit is called business. Today’s technologies, creations, inventions, and innovations are the outcomes of busi...