Business Group
Business group, an entity fashioned for the purpose of carrying on business enterprise. Such an organization is based on techniques of law governing contract and exchange, property rights, and incorporation. Generally, corporations are required to pay tax similar to "real" people. The first characteristic, plurality of membership, distinguishes the business association from the business owned by one individual; the latter doesn't have to be regulated internally by regulation, because the one owner completely controls the property. A very detailed and well-established physique of guidelines that developed over a really long time period applies to business transactions. The want to manage commerce and commerce and resolve enterprise disputes helped shape the creation of law and courts. The Code of Hammurabi dates back to about 1772 BC for instance and contains provisions that relate, amongst different matters, to shipping prices and dealings between merchants and brokers...