In addition, a business that needs to raise money on a inventory market or to be owned by a variety of individuals will often be required to adopt a specific legal form to do so. In recent many years, states modeled a few of their property and enterprises after business 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 establishments and enterprises in China and Russia have transformed into joint-stock corporations, with part of their shares being listed on public stock markets.
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