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Examples are the restricted liability firm and the limited legal responsibility limited partnership within the United States. Other forms of business organizations, similar to cooperatives, credit unions and publicly owned enterprises, may be established with functions that parallel, supersede, or even exchange the profit maximization mandate of enterprise companies. Corporate law is the body of law governing the rights, relations, and conduct of persons Mart News, companies, organizations and businesses. The term refers again to the authorized follow of law relating to firms, or to the theory of corporations. Corporate law usually describes the law relating to issues which derive instantly from the life-cycle of a corporation. It thus encompasses the formation, funding, governance, and death of a corporation.