• More production of goods and services
• Helpful to society
• Advantageous of professional management
• Interference and influence of government decisions

• Voluntary association
• Service is motive
• Unlimited liability of members
• Separate legal entity

• It requires length and experience legal procedure for formation
• Less capital
• Delay in decisions
• Interference and influence of government decisions

• Any person can join the cooperative society if he/she has common interest
• The death, insolvency and incapacity of any member does affect the existence of cooperative society
• Cooperative society is managed by one person only
• The liability of the members of a cooperative society is limited

Give the meaning of a sole proprietorship organization.