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A single person who owns and runs a enterprise is usually often known as a sole proprietor, whether that person owns it immediately or via a formally organized entity. Depending on the business needs, an adviser can resolve what kind is proprietorship might be best suited. In recent decades, states modeled a few of their property and enterprises after business enterprises. In 2003, for example, the People's Republic of China modeled 80% of its state-owned enterprises on a company-type administration system. Many state institutions and enterprises in China and Russia have reworked into joint-stock firms, with a part of their shares being listed on public stock dishwasher detergent "Going public" by way of a process known as an preliminary public providing signifies that part of the business might be owned by members of the general public. This requires the group as a distinct entity, to disclose information to the public, and adhering to a tighter set of laws and proced