Enterprise
The word "corporation" derives from the Latin corpus, which means physique, and the Maurya Empire in Iron-Age India accorded authorized rights to enterprise entities. In most countries, there are legal guidelines that deal with small firms differently from large ones. They may be exempt from sure legal submitting necessities or labor laws, have simplified procedures in specialized areas, and have simplified, advantageous, or slightly different tax remedy. General companions in a partnership , plus anyone who personally owns and operates a business with out creating a separate legal entity, are personally answerable for the money owed and obligations of the business. A parent firm is an organization that owns sufficient voting inventory in one other firm to control management and operations by influencing or electing its board of directors; the second firm being deemed as a subsidiary of the parent firm. Business is the activity of creating one's dwelling or making mone...