Business Group
The word "corporation" derives from the Latin corpus, which means body, and the Maurya Empire in Iron-Age India accorded legal rights to enterprise entities. In most nations, there are legal guidelines that treat small corporations differently from large ones. They could additionally be exempt from sure legal submitting necessities or labor legal guidelines, have simplified procedures in specialised areas, and have simplified, advantageous, or slightly completely different tax remedy. General partners in a partnership , plus anyone who personally owns and operates a business without creating a separate legal entity, are personally answerable for the debts and obligations of the business. A mother or father firm is a company that owns enough voting stock in one other agency to regulate management and operations by influencing or electing its board of administrators; the second company being deemed as a subsidiary of the mother or father firm. Laws can govern the remedy of l...