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Business group, an entity formed for the purpose of carrying on commercial enterprise. Such a corporation is based on systems of law governing contract and change, property rights, and incorporation. Generally, corporations are required to pay tax identical to "actual" people. The first function, plurality of membership, distinguishes the enterprise association from the enterprise owned by one individual; the latter doesn't must be regulated internally by legislation, as a end result of the only owner completely controls the belongings. Some companies are topic to ongoing special regulation, for example, public utilities, funding securities, banking, insurance coverage, broadcasting, aviation, and well being care suppliers. Environmental laws are also very advanced and can have an result on many businesses. Private profit-making companies are different from government-owned bodies. When businesses need to lift cash , they often provide securities for sale. With the r