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A company may describe its business by communicating the industry through which it operates. For instance, the actual property business , promoting business or mattress manufacturing business are industries by which a enterprise can exist. Because the term enterprise†might be interchanged with day-to-day operations in addition to the overall formation of an organization, the term is usually used to point transactions regarding an underlying product or service. For instance, Exxon Mobil transacts enterprise in providing oil.
The proliferation and increasing complexity of the laws governing enterprise have compelled rising specialization in corporate regulation. It is not remarkable for certain kinds of corporate transactions to require a staff of five to ten attorneys due to sprawling regulation. Business legislation spans basic corporate legislation, employment and labor legislation, health-care law, securities law, mergers and acquisitions, tax law, worker benefit plans, meals and drug regulation, mental property regulation on copyrights, patents, trademarks, telecommunications regulation, and financing.
