Enterprise Information
The word "corporation" derives from the Latin corpus, meaning body, and the Maurya Empire in Iron-Age India accorded legal rights to business entities. In most nations, there are laws that treat small corporations differently from massive ones. They could additionally be exempt from sure legal filing requirements or labor laws, have simplified procedures in specialised areas, and have simplified, advantageous, or slightly totally different tax therapy. General partners in a partnership , plus anybody who personally owns and operates a enterprise with out creating a separate authorized entity, are personally responsible for the debts and obligations of the business. A father or mother firm is a company that owns enough voting stock in another firm to control administration and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the father or mother company. A single one that owns and runs a enterprise is often ge