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Professions that require particular licenses include legislation, drugs, piloting aircraft, selling liquor, radio broadcasting, promoting investment securities, promoting used vehicles, and roofing. Local jurisdictions may also require special licenses and taxes just to operate a business. Offices in the Los Angeles Downtown Financial DistrictA very detailed and well-established body of rules that developed over a very lengthy time period applies to industrial transactions. The want Business news to manage trade and commerce and resolve business disputes helped form the creation of law and courts. The Code of Hammurabi dates back to about 1772 BC for example and accommodates provisions that relate, amongst other issues, to transport costs and dealings between merchants and brokers. The word “corporation” derives from the Latin corpus, that means physique, and the Maurya Empire in Iron-Age India accorded authorized rights to business entities.