Essence and importance of corporate enterprises and it is advantage and disadvantage sides Corporate enterprises are defined as corporations, joint stock companies, co-operatives, limited liability partnerships and other financial and non-financial enterprises which by virtue of legislation, administrative regulations or registration, are recognized as business entities independent of their owners5. "Enterprise," "corporation" and "incorporated" are closely related terms used to describe the formal or informal structure of a business. They are sometimes used as synonyms, but can have distinct meanings in certain contexts.
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