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The size and scope of the business firm and its construction, administration, and possession, broadly analyzed in the principle of the firm Usually, a smaller business is extra flexible, whereas larger businesses, or these with wider ownership or extra formal structures, will usually tend to be organized as companies or (less often) partnerships. As well as, a business that needs to boost cash on a inventory market or to be owned by a wide range of people will typically be required to adopt a particular authorized form to do so.
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