A corporation is a legal entity that is separate and distinct from its owners. In the United States, corporations are organized under state law according to articles of incorporation. However, both the Federal and state governments may form corporations for commercial and governmental activities. Federally chartered banks are designated as national associations or national trust and savings associations. According to law, there must be some indication in the name of the corporation that it is incorporated. For example, "The Business Leadership Development Corporation" and "Javazona Cafes, Incorporated" (abbreviated to "Javazona Cafes, Inc.") are two incorporated legal entities.
An enterprise is a group of activities intended to produce income for profit as a business, as a not-for-profit association, or as a government agency. An enterprise can consist of one or more legal entities.
In its simplest form, a company is a group of individuals who are associates or companions, as opposed to a group of individuals assembled with no distinct purpose. A team is a tightly coupled group working coherently with mutual accountability. In effect, a company is set of teams working together with common purpose.
The term "company" is used in the theatrical profession to describe a group of actors with their accompanying equipment. The term is also used to describe a group of individuals operating a business as employees and owners as juristic persons, regardless of legal form. In the United States, the term "company" can be associated with partnerships, limited liability companies, and corporations. A limited liability company that has a single owner is "disregarded" by the Internal Revenue Service if the owner elects that the entity be taxed as a sole proprietorship. However, in some states and countries, the term "company" is synonymous with "corporation" - meaning that it has a legal form separate from its owners. Hence, "American Express Company" and "Ford Motor Company" are corporations. In some countries, the term "associates (and company)" is synonymous with "partnership," and "anonymous society" is synonymous with "corporation."
The earliest form of companies were unincorporated associations, followed later by partnerships. Individual corporations were initially established by governmental charter. However, the concept of a joint stock company was created over time, which had individual owners with unlimited liability. A joint stock company was similar to a partnership, but had certain rights distinct from the individual owners. A modern corporation is in effect a joint stock company with limited liability of the individual owners.
A tradename is often used to establish a brand separate from the legal name of a sole proprietorship, partnership, limited liability company, or corporation. For example, "BLD" is a tradename of The Business Leadership Development Corporation; "Achieve Plan B" and "Vitaprise" are tradenames of Nigel A.L. Brooks. Tradenames are common in franchise and licensee systems, where different legal entities are part of the same system, and thus share a common identity, such as Enterprise Rent-A-Truck, Holiday Inn, McDonald's, and Subway. The tradename is owned by the franchisor or licensor, but can be used by the franchisees and licensees. However, whenever business is done in a name other than a legal name, it is fictitious and must be registered as a certified "doing business name" in whatever jurisdictions are required under state law. For example, if Nigel A.L. letselschade berekenen Brooks is doing business as "Vitaprise," that name must be registered as fictitious in each jurisdiction where it is used.
A business is formed to earn a profit from revenues from commissions, dividends, fees, interest, rents, royalties, and sales less expenses from costs of revenue and operating items, and capital gains from investments. An entity such as a sole proprietorship, partnership, limited liability company, or corporation may be formed, organized, or incorporated for the purpose of conducting business before revenue is earned. As such the entity is separate from but related to the business enterprise. A venture is a start-up or early stage enterprise (as opposed to a hobby), which may be classified as a "development stage entity" because it has little or no income. Its future may be uncertain until the business concept has been proven.
The business becomes established when there is a commitment from the owners to earning revenue as an ongoing concern, and predictable patterns among the constituencies start to appear. Thus a business enterprise can be established much later than when the holding entity for it was formed. The entity can be changed as conditions dictate, without changing the nature of the business enterprise. For example, the initial business entity may be a limited liability company organized in Arizona, but later changed to a corporation incorporated in Delaware. Assets of the enterprise and associated revenue streams can be sold separately from the entity, or the entire entity itself can be sold. Similarly, assets and revenue streams, and entire entities can be acquired.
Regardless of the marketing efforts of the management of an enterprise and its legal form, its fate is ultimately determined by the frequency, recency, location, and value of the transactions of its customers based upon their needs and wants. Such transactions are in turn are influenced by the behaviors of employees, regulators, competitors, and market trends in general.
Operating enterprises is an enterpriship (entrepreneurship, leadership, and management) competency.
A famous philosopher once said,
"Life is too deep for words,
So don't try to describe it,
Just Live It."
I agree to his opinion. Life is not such a sort of word which can be described in alphabets. It needs volumes and volumes to explain Life. Many Philosophers, Scholars and Literary Personalities have tried their level best to define life. Some say life is like fire, some say it's like an ice-cream. A very famous Greek Philosopher Hericulates says,
"Life is the name of war,
This war makes a common man,
a King or a Slave."
Similarly, Carl Sandburg says,
"Life is like an onion:
You peel it off one layer at a time,
and sometimes you weep."
So, this was a brief glimpse to the views of some great people about life.
Now I would like to introduce you with my own opinion and idea about life.
Life is like a blend of different shades and colors. It has a lot of faces. We can't have a single opinion about it. If we look at it from one point of view or observe its face from one side, it appears to us very pleasant and enjoyable. But at the same time, its opposite side is very ugly and sad. I take these different shades of life similar to the four seasons of year i-e. Spring, Summer, Winter and Autumn and divide the life span of a person in four periods.
The Spring, which is a very life giving season, is actually the Childhood period of men's life. About spring someone has said,
"Spring unlocks the laughing
beauty of Nature."
The childhood of a person is very innocent, without any sort of worries and tensions and hence it is very bright and is, therefore, the Spring of Life.
The Summer, although with its blazing warmth and scorching heat still gives vigor and zeal to life. The teenage duration is also very adventurous and one uses all his abilities either in the right or wrong direction. In other words, it is very enthusiastic period of life.
Next one is Winter season which due to its coldness brings fadedness to one's life. The duration of life aging from 30's to the boundary of old age is a natural period in which the charms of life began to vanish. But still in this period of age, a little struggle and enthusiasm remains the companion of an individual.
Autumn season which is a symbol of gloominess and sadness is the representative of late old age of a person when he just passes his days of life like a flickering flame of candle which is on the mercy of blowing winds. All his emotions turn cold and silently wait for the closing of his chapter of life and thinks keenly on this point that
"Our lives are like a candle in the wind."
So, this was all which I have experienced yet about life. My opinion about life, either it is right or wrong, is very close to the reality which I have observed from my surroundings. It however changes with the mood of a person, if you are happy i-e. everything is going as per your plan then life seems to be a silky piece of fabric which folds the way you do but if it doesn't favor you then you feel autumn around you, your mood your likes/dislikes change accordingly.
I believe that if a person watches only his own way in life and avoids any overlap of fortune with others (which is very difficult) he will conquer his life and steer it any way he wants. Jealousy is the key that unlocks the negative competition instead race among fellows and suddenly spring changes to autumn. Childhood is spring because the factor of jealousy is not into play, a child doesn't know to be jealous.
Life is a word having meaning as wide as the depth of oceans and the grains of sand on the shores of seas. So, to say that this is the ultimate reality or meaning of life would be totally wrong. Paper can be ended and inks can be finished but the true meaning of life can never be defined.