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Offices in the Los Angeles Downtown Financial DistrictA very detailed and well-established body of guidelines that developed over a very lengthy period of time applies to business transactions. The need to control trade and commerce and resolve business disputes helped form the creation of legislation and courts. The Code of Hammurabi dates again Business news to about 1772 BC for instance and contains provisions that relate, amongst other matters, to shipping prices and dealings between retailers and brokers. The word “company” derives from the Latin corpus, which means physique, and the Maurya Empire in Iron-Age India accorded authorized rights to business entities.