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BER WORKING PAPER SERIESWHAT IS A COMPANY REALLY WORTH? INTANGIBLE CAPITAL AND THE \”MARKET TO BOOK VALUE\” PUZZLE Charles R. Hunter Xiaomi Hào Working Paper 14548 http://www.nber.org/papers/w14548NATIONAL
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What is a company?
A company is a legal entity formed by a group of individuals to engage in and operate a business, usually characterized by limited liability.
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The purpose of establishing a company is to conduct business activities, manage risks, and potentially benefit from limited liability protection.
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Companies generally must report information such as their legal structure, ownership, financial statements, business activities, and tax identification details.
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