Enterprise
Many companies are operated through a separate entity corresponding to a company or a partnership . Most legal jurisdictions allow people to prepare such an entity by filing sure constitution paperwork with the related Secretary of State or equal and complying with sure other ongoing obligations. The relationships and legal rights of shareholders, limited partners, or members are ruled partly by the constitution paperwork and partly by the law of the jurisdiction the place the entity is organized. Generally talking, shareholders in a corporation, limited partners in a limited partnership, and members in a limited legal responsibility firm are shielded from personal liability for the debts and obligations of the entity, which is legally treated as a separate "person". This signifies that unless there could be misconduct, the owner's personal possessions are strongly protected in regulation if the business doesn't succeed. Limited liability companies , restricted leg