government,shareholders and the managers
describe how different business organizations operate in the global legal enviornment
corporations
They don't.
There are always legal requirements to operate a business, such as being registered with the Internal Revenue Service, obtaining a license to do business through your state in which the business in held
This is legal if there is an adult (at least 21 years old) on board and within reach of the controls.
corporations
If it is a business - it will likely have to confrom to Zoning Regulations for your area and be licensed and inspected.
corporations
C corporation.
corporations
corporations
Other than the various local and state business licenses that every business must purchase regardless of type of ownership, no legal formalities are required to start or operate the business.