Business Information
The word "corporation" derives from the Latin corpus, that means body, and the Maurya Empire in Iron-Age India accorded authorized rights to enterprise entities. In most countries, there are laws that treat small corporations differently from large ones. They may be exempt from certain authorized submitting requirements or labor legal guidelines, have simplified procedures in specialized areas, and have simplified, advantageous, or barely totally different tax remedy. General partners in a partnership , plus anyone who personally owns and operates a business without making a separate authorized entity, are personally responsible for the money owed and obligations of the enterprise. A mother or father company is a company that owns enough voting stock in another agency to manage management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the father or mother firm. In some international locations, certain co