The need to regulate trade and commerce and resolve enterprise disputes helped form the creation of legislation and courts. The Code of Hammurabi dates again to about 1772 BC for example and accommodates provisions that relate, among other matters, to delivery prices and dealings between merchants and brokers. The word “corporation” derives from the Latin corpus, meaning physique, and the Maurya Empire in Iron-Age India accorded authorized rights to business entities. Generally, corporations are required to pay tax just like “actual” folks. Research and growth discuss with actions in connection with corporate or authorities innovation. Research and growth represent the primary stage of development of a possible new service or product.
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