Most legal jurisdictions allow people to organize such an entity by filing certain charter documents with the relevant Secretary of State or equivalent and complying with certain other ongoing obligations. The relationships and legal rights of shareholders, limited partners, or members are governed partly by the charter documents and partly by the law of the jurisdiction where the entity is organized. This means that unless there is misconduct, the owner’s own possessions are strongly protected in law if the business does not succeed. Entertainment companies and mass media agencies generate profits primarily from the sale of intellectual property. They make their profits by selling goods and services that are sports related.
- One of the major obstacles of doing business in Indonesia concerns obtaining the necessary permits and licenses; this can become a time-consuming and expensive affair.
- Qualitative and quantitative measures of the business environment are statistically strongly and significantly correlated