General companions in a partnership , plus anybody who personally owns and operates a business without creating a separate authorized entity, are personally liable for the money owed and obligations of the business. Private profit-making businesses are different from government-owned bodies. In some countries, sure companies are legally obliged to be organized in certain ways. A parent firm is a company that owns sufficient voting inventory in another agency to regulate management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the mother or father company.
Career alternatives are plentiful …