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The word "company" derives from the Latin corpus, which means physique, and the Maurya Empire in Iron-Age India accorded authorized rights to enterprise entities. In most nations, there are laws that deal with small firms differently from massive ones. They may be exempt from certain authorized filing requirements or labor laws, have simplified procedures in specialized areas, and have simplified, advantageous, or slightly completely different tax treatment. General partners in a partnership , plus anybody who personally owns and operates a enterprise with out creating a separate authorized entity, are personally liable for the money owed and obligations of the enterprise. A mother or father company is a company 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 parent Matka In contrast, unincorporated businesses or persons workin