shahjagruti16
MP Guru
Formal businesses
These are businesses that are registered by the company registrar and have licenses.
Advantages of formal businesses
They are legally recognized by law since they are registered.
They are properly organized.
It is easy to get a loan from any financial institution.
They usually have a strong base for growth and development.
They are reliable and somehow permanent so it is easy to get a well skilled human resource manager.
These are businesses that are registered by the company registrar and have licenses.
Advantages of formal businesses
They are legally recognized by law since they are registered.
They are properly organized.
It is easy to get a loan from any financial institution.
They usually have a strong base for growth and development.
They are reliable and somehow permanent so it is easy to get a well skilled human resource manager.