How is the organisation founded?​

To establish an organization, an individual or individuals must first have the idea, decide to act and take the first steps. Founders must then bring resources -- time, money, expertise and work -- to bear and choose a legal framework. The business may be established as a partnership or sole proprietorship, for instance. The founders may need to recruit other people to carry out the company’s purpose, including investors or employees. Finally, founders launch the business, providing a service or product.

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