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The size and scope of the business firm and its construction, management, and ownership, broadly analyzed in the theory of the agency Usually, a smaller business is extra flexible, while larger companies, or these with wider possession or more formal structures, will normally are typically organized as companies or (less typically) partnerships. In addition, a business that wishes to lift money on a stock market or to be owned by a wide range of people will typically be required to undertake a specific legal form to take action.
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