Comparison among Different Forms of Organisations

Proprietory Concerns	Joint Stock Companies	Co-Operative Societies	Public Undertakings
Role of Capital
Limited to personal capacity	Vast	Secondary Role	No equity interest of shareholders
Ownership & Control
Proprietor or Partners	Shareholders	Members / Shareholders	Government
Transfer of Ownership
Consent of all owners required	Shares are freely transferable in case of Public Ltd. Co.; restricted in case of Pvt. Ltd. Companies	Membership can be withdrawn	Transferable in case of joint stock company form
Management
Limited managerial ability	Expert Management; ownership separated from management	Democratic management with the rule `one member one vote’	By Government or Governing body