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A single one that owns and runs a business is commonly known as a sole proprietor, whether that individual owns it directly or via a formally organized entity. Depending on the enterprise needs, an adviser can resolve what type is proprietorship will be most suitable. In latest decades, states modeled a few of their belongings and enterprises after enterprise enterprises. In 2003, for instance, the People's Republic of China modeled 80% of its state-owned enterprises on a company-type management system. Many state institutions and enterprises in China and Russia have transformed into joint-stock companies, with a part of their shares being listed on public stock markets. "Going public" via a course of often known as an initial public providing implies that a part of the enterprise will be owned by members of the public. This requires the organization as a definite entity, to reveal information to the public, and adhering to a tighter set of laws and procedures. Most pu...