That one is actually in a sole proprietorship business. in a sole proprietorship business the business owner is the person that makes the final decisions. But in partnership business there may be a board members to decide.
Who makes the decision in business?
- Thread starter Shavkat
- Start date
There are some businesses where it is not only one person that owns it. in that particular scenario they usually conduct board meetings before any kind of decision is made. But it is not the same in sole proprietorship business.
Partnership businesses don't have boards. The partners according to the number they are sit down and make the decision. It is only limited liability companies that have boards that make decisions.
Okay, good information. but any business that is not owned by one person must need some kind of delegation before a final decision is made. That's exactly what I was trying to say.
if it is a partnership business then I don't think you can just make decisions on your own just like that. There should be some level of delegation among the business partners before a decision is taken.
