Business Structure

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Business Structure

The way a business is organized. The business structure states who owns the company, how profits are distributed and which managers perform what jobs. It is also important for tax and liability purposes, as companies are often taxed differently from each other and managers may have differing levels of responsibility in the event of wrongdoing or a lawsuit. In the United States, the three business structures recognized by the IRS are sole proprietorship, partnership and corporation. Other structures that are legally important (but not for tax purposes) include limited liability company, S-Corporation, and C-Corporation.
References in classic literature ?
There was a spirit of confidence and enterprise; and the next step, clearly, was to create a business organization.
By separating idealistic and business organizations in the political sphere, [section] 501(c)(3) weakens at least religious organizations in their pursuit of their religious ideals.
Company Law in China: Regulation of Business Organizations in a Socialist Market Economy provides a comprehensive introduction to the law on business organizations in China, considering the 2005 adaptation of PRC Company Law and the latest legislative developments in the country.
With cut throat rivalry dragging them down, business organizations need to have an edge over their rivals, while still staying under budget.
He addresses principal cases in Business Associations: Cases and Materials on Agency, Partnerships, and Corporations and Commentaries and Cases on the Law of Business Organizations and explores what motivated the parties and why the judges decided what they did.
On Monday, WIPP and the Small Business and Entrepreneurship Council will host a coalition of 30 women's business organizations in unveiling the "Economic Blueprint - The Women Business Owners Platform for Growth" at the 2008 Republican National convention.
The Women Presidents' Educational Organization (WPEO), a coalition of corporations, regionally focused business organizations and certified business owners that includes JRT Realty Group, Inc.
Both business organizations also endorsed Tamar Galatzan in her campaign for the District 3 seat on the Los Angeles Unified School District board.
The National Women's Business Council has published Issue in Brief, "Legislative Priorities Among Key Women's and Small Business Organizations," that highlights the top issues of importance to women's business organizations.
Typically, the company's customers are Fortune 2000 and small to medium business organizations.
While this new, post-industrial, kind of firm is a more-or-less orderly development out of older organizational structures (Bigner, 1999), it exhibits a number of important characteristics that distinguish it from past business organizations.
A new 240-page book compares the non-tax law and tax law aspects of business organizations in Ohio.

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