The Code of Hammurabi dates again to about 1772 BC for instance and incorporates provisions that relate, among different issues, to transport costs and dealings between merchants and brokers. The word “corporation” derives from the Latin corpus, meaning body, and the Maurya Empire in Iron-Age India accorded authorized rights to business entities. Generally, corporations are required to pay tax identical to “actual” individuals. In operate of the danger and complexity of the tasks to organize, a business is organized through a set of formal and casual mechanisms.
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