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Business association, an element shaped to carry on business undertaking. Such an association is predicated on frameworks of regulation overseeing agreement and trade, property freedoms, and consolidation.
Business undertakings generally take one of three structures: individual ownerships, associations, or restricted responsibility organizations (or partnerships). In the primary structure, a solitary individual holds the whole effort as his own property, ordinarily overseeing it on an everyday premise. Most organizations are of this sort.