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 ?
The triumph of Pitman was a triumph of business organization: there was a weekly paper to persuade you to learn Pitman: there were cheap textbooks and exercise books and transcripts of speeches for you to copy, and schools where experienced teachers coached you up to the necessary proficiency.
There was a spirit of confidence and enterprise; and the next step, clearly, was to create a business organization. None of the partners were competent to undertake such a work.
Business organizations are also facing external pressures from the aging demographics profile in the United States and from growth in free market economies globally.
it is hoped that the Service will issue formal guidance in the near future to limit (or at least clarify) the applicability of this provision to business organizations whose activities have only incidental social aspects.
He was widely known as a speaker at professional meetings, business organizations and academic societies.
Bouchoux presents students, academics, and legal professionals working in a wide variety of contexts with the seventh edition of her comprehensive examination of a variety of business organizations written for paralegal students.
However, Arroyo said, it is observed that many corporations and other business organizations have shown very little care for the welfare of society, community where they operate and the natural environment around them.
An introduction to the law of business organizations; cases, notes and questions.
An added bonus is the book's appendix, which lists business organizations, venture capital firms and technological resources.
With a multi-million dollar transaction, Getty Petroleum Corporation heads a list of Long Island business organizations that have entered into lease agreements for office space at 125 Jericho Turnpike in the Long Island Office Park in Jericho, New York.
Brower started her company with about $3,000, which included expenses for office equipment, supplies and 12 weeks of training and certification with the Exporters Incubator, an international trade training program created by the International Association for Business Organizations (INAFBO).
The area, which is about 45 minutes from New York City, has attracted such business organizations as Minolta, International Paper, Grand Union, Empire Blue Cross, Prudential, and GE which have established facilities in the county.

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