THIS ARTICLE DOES NOT INTEND TO HURT THE SENTIMENTS OF ANY INDIVIDUAL, COMMUNITY, SECT, OR RELIGION ETCETERA. THIS ARTICLE IS BASED PURELY ON THE AUTHOR'S PERSONAL VIEWS AND OPINIONS IN THE EXERCISE OF THE FUNDAMENTAL RIGHT GUARANTEED UNDER ARTICLE 19(1)(A) AND OTHER RELATED LAWS BEING FORCE IN INDIA, FOR THE TIME BEING.
A business is an organization where people work together. In business, people work to make and sell products or services. A business can earn profit for the products and services it offers. The word business comes from the word busy and means doing things. It works regularly. The principal motive of a business is to maximize profit. Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. Many businesses are operated through a separate entity such as a corporation or a partnership. Most legal jurisdictions allow people to organize such an entity by filing certain charter documents with the relevant Secretary of State or equivalent and complying with certain other ongoing obligations. The relationships and legal rights of shareholders, limited partners, or members are governed partly by the charter documents and partly by the law of the jurisdiction where the entity is organized. Different structures are treated differently in tax law and may have advantages for this reason.
Stock is an equity investment that represents part ownership in a corporation and entitles you to part of that corporation's earnings and assets. Nowadays, share ownership is usually recorded electronically, and that shares are held in street name by your brokerage firm. Stock can be bought and sold privately or on stock exchanges, and such transactions are typically heavily regulated by governments to prevent fraud, protect investors, and benefit the larger economy.
Commercial law or business law is the body of law which governs business and commerce and is often considered to be a branch of civil law and deals both with issues of private law and public law. Commercial law regulates corporate contracts, hiring practices, and the manufacture and sales of consumer goods. Law grants businesses the recognition required to act as a "person" capable of acquiring and enforcing certain rights within the jurisdiction where that business has been registered in. Corporate law encompasses the formation, funding, governance, and death of a corporation.