A profitable business strives to create worth for its stakeholders, including customers, workers, shareholders, and the community at large. Offices in the Los Angeles Downtown Financial DistrictA very detailed and well-established physique of rules that advanced over a very long time frame applies to industrial transactions. The need to control trade and commerce and resolve business disputes helped form the creation of law and courts. The Code of Hammurabi dates again to about 1772 BC for instance and contains provisions that relate, among different matters, to transport costs and dealings between retailers and brokers. The word “company” derives from the Latin corpus, which means body, and the Maurya Empire in Iron-Age India accorded legal rights to business entities. “Going public” through a course of generally known as an initial public offering signifies that part of the business will be owned by members of the general public.

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