Enterprise Information
The word "corporation" derives from the Latin corpus, which means body, and the Maurya Empire in Iron-Age India accorded legal rights to business entities. In most countries, there are laws that treat small corporations in another way from giant ones. They could additionally be exempt from certain legal filing necessities or labor laws, have simplified procedures in specialized areas, and have simplified, advantageous, or slightly different tax treatment. General companions in a partnership , plus anyone who personally owns and operates a business without creating a separate authorized entity, are personally liable for the debts and obligations of the business. A mother or father company is a company that owns sufficient voting stock in one other firm to manage administration and operations by influencing or electing its board of administrators; the second firm being deemed as a subsidiary of the father or mother firm. Generally, a smaller business is more flexible, wherea...