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 ?
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.
The automaker is establishing a completely integrated business structure for Southeast Asia that it says is to 'drive greater customer focus, grow Chevrolet sales and improve profitability.
Now, it will undertake a transition to a new business structure to further leverage its strengths.
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.
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.
Knowing the needs of our customers has led to the creation of this business structure and allows Riverside Engineering and Riverside Products to concentrate on our areas of expertise and provide the focused responses that our customers demand," the press release states.
In addition, pursuing credentials, determining the amount of time and resources to devote and how it will affect the business structure, are key steps in the financial planning journey.
This supply chain business structure will place new demands on core network operators.
A worker would be treated as an independent contractor if he or she meets either an economic and workplace independence test or an alternative business structure and fringe benefits test.
Ahlstrom further simplifies its business structure to increase market and customer focus and announces changes in the executive management team.

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