We are here to discuss the significant things about the business enterprises and its types in an understandable way. Business enterprises can be broadly divided into two categories namely one which is non-corporate in form and other one which has a corporate character. Enterprises: Enterprises which fall in the former category are partnerships, sole proprietorship and Hindu Undivided Family and business organisation which comprises the other category are companies and co-operative undertakings. The difference between the corporate and the non-corporate…