Business Organization
The word "corporation" derives from the Latin corpus, which means physique, and the Maurya Empire in Iron-Age India accorded legal rights to business entities. In most countries, there are legal guidelines t hat deal with small firms in a unique way from massive ones. They could additionally be exempt from sure authorized submitting necessities or labor legal guidelines, have simplified procedures in specialised areas, and have simplified, advantageous, or slightly totally different tax treatment. General partners in a partnership , plus anybody who personally owns and operates a business with out making a separate authorized entity, are personally responsible for the debts and obligations of the enterprise. A parent company is an organization that owns enough voting inventory in one other firm to regulate management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the mother or father firm. French legisl