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Some specialized businesses may also require licenses, either due to legal guidelines governing entry into certain trades, occupations or professions, that require particular education or to boost income for local governments. Professions that require special licenses include law, medication, piloting aircraft, selling liquor, radio broadcasting, promoting investment securities, selling used vehicles, and roofing. Local jurisdictions may also require special licenses and taxes simply to function a enterprise.
A company could describe its business by communicating the trade by which it operates. For instance, the true estate business , advertising enterprise or mattress production enterprise are industries through which a business can exist. Because the time period enterprise” might be interchanged with day-to-day operations as well as the overall formation of a company, the term is usually used to point transactions regarding an underlying services or products. For example, Exxon Mobil transacts enterprise in offering oil.
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