introduction and conclusion of the types of business organization under new commerical code of ethiopia
Introduction:
The New Commercial Code of Ethiopia, enacted in 1960, recognizes different types of business organizations that individuals and entities can establish to conduct their commercial activities. These types of business organizations provide suitable structures for entrepreneurs and investors to operate effectively within the legal framework of the country. This essay aims to provide an overview of the various types of business organizations established under the New Commercial Code of Ethiopia.
Conclusion:
In conclusion, the New Commercial Code of Ethiopia offers a diverse range of business organization options for entrepreneurs and investors. Whether one chooses to establish a sole proprietorship, general partnership, limited partnership, or a share company, each type has its own unique advantages and disadvantages. It is essential for individuals and entities to carefully consider their objectives, liabilities, and financial requirements when selecting the most suitable business organization structure. By operating within the legal framework provided by the New Commercial Code, entrepreneurs and investors can effectively establish and manage their businesses in Ethiopia.