A business organization is a group of people working together to achieve common goals. There are formal and informal organizations. Formal organizations have defined structures, rules, formal communication, and profit motives. Informal organizations do not require qualifications, are based on contributions, and serve social purposes without defined structures. Common types of business organizations include sole proprietorships, partnerships, joint stock companies, and public limited companies. PETA is a non-governmental organization founded in 1980 that advocates for animal rights and believes animals should not be used for human entertainment, food, fashion, or research. Private limited companies in India must register under the Company Act and have shareholders with limited liability to the capital originally invested. Luxor Writing Instruments Pvt.