Business
The word "corporation" derives from the Latin corpus, that means physique, and the Maurya Empire in Iron-Age India accorded authorized rights to business entities. In most international locations, there are legal guidelines that deal with small firms in one other way from large ones. They may be exempt from certain legal submitting requirements or labor legal guidelines, have simplified procedures in specialised areas, and have simplified, advantageous, or slightly completely different tax treatment. General partners in a partnership , plus anybody 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 parent company is a company that owns sufficient voting stock in one other agency to control administration and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the parent company . A single person who owns