Enterprise Organization
The word "company" derives from the Latin corpus, which means physique, and the Maurya Empire in Iron-Age India accorded legal rights to business entities. In most international locations, there are laws that treat small companies in one other way from massive ones. They may be exempt from sure legal submitting necessities or labor laws, have simplified procedures in specialised areas, and have simplified, advantageous, or barely totally different tax remedy. General partners in a partnership , plus anyone who personally owns and operates a enterprise without making a separate authorized entity, are personally liable for the debts and obligations of the enterprise. A father or mother firm is a company that owns sufficient voting stock in one other firm 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. Generally, a smaller enterprise is more versatile, whereas ...