Enterprise Group
Business group, an entity fashioned for the aim of carrying on business enterprise. Such a corporation is based on techniques of law governing contract and exchange, property rights, and incorporation. Generally, corporations are required to pay tax just like "real" people. The first function, plurality of membership, distinguishes the enterprise association from the enterprise owned by one particular person; the latter does not must be regulated internally by law, because the single owner totally controls the property. Professions that require particular licenses embody law, medication, piloting plane, promoting liquor, radio broadcasting, promoting investment securities, selling used cars, and roofing. Local jurisdictions may also require particular licenses and taxes just to function a business. A company, then again, is a separate legal entity and provides for limited legal responsibility, as well as company tax rates. A company construction is more sophisticated and