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that means physique, and the Maurya Empire in Iron-Age India accorded authorized rights to business entities. In most international locations, there are laws that treat small corporations differently from large ones. They could also be exempt from certain authorized filing necessities or labor legal guidelines, have simplified procedures in specialised areas, and have simplified, advantageous, or slightly totally different tax therapy. General partners in a partnership , plus anybody who personally owns and operates a business without creating a separate legal entity, are personally responsible for the money owed and obligations of the business. A father or mother firm is a company that owns enough voting inventory in one other agency to regulate administration and operations by influencing or electing its board of administrators; the second company being deemed as a subsidiary of the father or mother firm. When businesses need to raise cash , they sometimes offer securities on the

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