Enterprise
The word "corporation" derives from the Latin corpus, meaning body, and the Maurya Empire in Iron-Age India accorded authorized rights to business entities. In most international locations, there are laws that treat small corporations differently from massive ones. They could also be exempt from sure authorized filing necessities or labor laws, have simplified procedures in specialised areas, and have simplified, advantageous, or slightly different tax therapy. General partners in a partnership , plus anybody who personally owns and operates a business with out making a separate authorized entity, are personally liable for the money owed and obligations of the business. A mother or father company is an organization that owns enough voting stock in another agency to control management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the parent firm. Business is the activity of constructing one's residi