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Enterprise

In contrast, unincorporated businesses or individuals working on their own are normally not as protected. Service companies provide intangible items or services and typically charge for labor or different companies provided to authorities, to customers, or to different companies. The dimension and scope of the enterprise firm and its construction, management, and possession, broadly analyzed within the concept of the agency. The word "corporation" derives from the Latin corpus, meaning physique, and the Maurya Empire in Iron-Age India accorded authorized rights to business entities. In most countries, there are laws that treat small firms in one other way from giant ones. They may be exempt from certain authorized submitting necessities or labor laws, have simplified procedures in specialised areas, and have simplified, advantageous, or slightly totally different tax treatment. General partners in a partnership , plus anyone who personally owns and operates a enterprise wi