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Professions that require particular licenses include regulation, medicine, piloting plane, promoting liquor, radio broadcasting, promoting funding securities, selling used cars, and roofing. Local jurisdictions may require special licenses and taxes simply to operate a business. A firm, however, is a separate authorized entity and offers for restricted legal responsibility, as well as company tax charges. A firm structure is more sophisticated and costly to set up, but offers extra protection and advantages for the owner. Entertainment corporations and mass media companies generate income primarily from the sale of intellectual property. They make their income by selling goods and services that are sports activities related. Where two or extra people personal a enterprise together but have failed to prepare a extra specialised type of vehicle, they are going to be treated as a general partnership. The terms of a partnership are partly governed by a partnership agreement if one is c