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The dimensions and scope of the business firm and its structure, management, and possession, broadly analyzed in the concept of the agency Usually, a smaller enterprise is extra flexible, while bigger companies, or those with wider ownership or more formal structures, will usually tend to be organized as companies or (much less usually) partnerships. As well as, a business that wishes to boost cash on a inventory market or to be owned by a wide range of people will usually be required to undertake a selected legal kind to take action.