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A voluntary affiliation formed and arranged to hold on a enterprise. Types of corporations embody sole proprietorship, partnership, limited liability, corporation, and public limited firm. These companies don’t have to reveal monetary info or outlook to the general public, giving them more opportunity to concentrate on long-time period progress quite than quarterly earnings. Examples of private companies include Koch Industries, sweet maker Mars, automobile rental firm Enterprise Holdings, and accounting agency PriceWaterhouseCoopers. A company is essentially an artificial person—also known as corporate personhood—in that it’s an entity separate from the people who own, manage, and support its operations.