Business Group
Business group, an entity formed for the aim of carrying on industrial enterprise. Such a company is based on methods of legislation governing contract and exchange, property rights, and incorporation. Generally, firms are required to pay tax identical to "real" individuals. The first function, plurality of membership, distinguishes the business association from the enterprise owned by one individual; the latter does not must be regulated internally by legislation, because the one owner completely controls the belongings. Because the only owner is personally liable for debts and obligations incurred in reference to the enterprise, no particular guidelines are needed to protect its creditors beyond the strange provisions of bankruptcy regulation. Accounting is the measurement, processing, and communication of economic details about economic entities similar to businesses and companies. The trendy subject was established by the Italian mathematician Luca Pacioli in 1494. Acc...