It is the simplest form of business organization.

In terms of wealth and power, it is the most important form of business organization.

It is form to obtain greater bargaining power from larger economies of scale.

This form of business organization has no legal requirements.

It brings together many skilled persons with good credit.

Tax exempt and members receive patronage refund.

Single ownership

Little capital needed to begin.

It is the most significant in terms of money, size and power.