Business Structure


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Related to Business Structure: Business model, Organizational structure

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 periodicals archive ?
Choose Business Structure is part of the new suite of tools on business.govt.nz designed to help businesses, with guidance personalised to their individual needs.
Hillstead, CPA/ABV, CVA with Squire & Co., many businesses start as a sole proprietorship and then move into a different business structure as the business grows, more capital is needed or a different type of asset protection is desired.
* Understand and respond to competitors' business structure and strategies with GlobalData's detailed SWOT analysis.
As a result of the new business structure the following appointments have been made: Fulvio Capussotti has been appointed EVP, Filtration & Performance; Omar Hoek ,EVP, Specialties; and Jari Koikkalainen, EVP, Procurement & Commercial Excellence.
"As a charitable trust, which also runs a whole host of creative learning programmes, our business structure is fundamental to our ongoing success.
In addition to an alternative business structure, the LLP would act as a step towards documentation of the economy and will convert an informal, unregistered, and unregulated sector into a formal and regulated regime.
Based on the key provisions of the resource theory, the group (Yermolaev, V.I., 2013) drew an analogy between the process of adaptation of the theoretical concepts for the formation of strategies and intellectual game to win, thus identified the relationship of the structure of management over business structure with the available resources, as well as unique resources and sustainable competitive advantages with key competencies in the process of coupling the external environment with the internal environment.
To complement the new business structure the following senior level appointments have been made:
The change to alternative business structures (ASB), which allows external investment, is one of the measures contained in the Legal Services Act, due to become law later this year.
The company is reorganising its business structure around four business divisions and four staff functions in order to increase the firm's efficiency, performance accountability and simplicity.
If you are serious about making this work, pick your legal business structure (a sole proprietorship is probably the best choice for a home-based business), promote your business at every opportunity, and manage your time wisely so that your home-based business doesn't hurt your productivity at your full-time job.
The shift is part of the group structural reform including the following: Stronger R&D, Growth strategy in Devices Business, strengthening of business structure, Industrial Machinery and Electronic Products, and overall expansion in size of the businesses, and stronger Head Office.

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