Abstract
A business is a well-structured approach that provides end users with goods and services they want. The word business also means an organization that provides these goods and services. In this paper, the latter case is of main concern. The government charter that accords them the privilege to borrow and lend money, sue and be sued, and buy and sell properties creates businesses. There are various forms of businesses like the sole proprietorship, partnership and limited liability companies.
The sole reason as to why firms engage in business activity is to make profit; however, we cannot avoid stating that there ...
