Business Structure

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Related to business organization: Sole proprietorship

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 ?
The two other groups have Facebook accounts but are not as active as Kapa and that they have yet to release statements in regard to the call of the business organization.
Focusing on project management and adopting successful business tools and techniques to boost up the business performance and enhancing the profitability of a business organization, should be at the top priority for any business organization to get success.
He is a sought-after lecturer and tax consultant of high net-worth families, individuals and business organizations to help them with their tax and other legal matters.
Westchester Networking for Professionals (WNFP), located in Westchester County, NY is a business organization assisting our community of business professionals with improving the develop and growth of their business through live networking events, programs and marketing opportunities.
Wennie Sancho, labor representative to the Regional Tripartite Wage and Productivity Board in Western Visayas (RTWPB-6), said the joint appeal of nine business organizations was thumbed down on technical grounds.
As a result, most business organizations are faced with maintaining records to demonstrate that their owners actually provided services and to establish the value of those services.
As part of his talks in Mexico City, Hisarciklioglu also had meetings with heads of business organizations from several countries, TOBB added.
Also absent from this work is a discussion of the threat of cyber war or cyber terrorism, and the application of an analytical model to frame an examination of the business organization, production processes and regional developments as they relate to the digital economy.
The Handbook of Small Business Organization and Management is essential reading for people who want to successfully run a franchise promote a new product or get involved in the service industry.
A business organization is unlicensed if the business organization does not have a primary or secondary qualifying agent in accordance with this part concerning the scope of the work to be performed under the contract.
The collaborative work of human resource specialists Matthew Gay and Doris Sims, "Building Tomorrow's Talent: A Practitioner's Guide To Talent Management And Succession Planning" is a superbly organized and articulately presented compendium of practical advice, ideas, tips, techniques, and planning tools designed to create and implement processes for the accurate assessment of a leadership team within any sized business organization from newly launched entrepreneurial enterprises to established multinational corporations.
It should also be noted that the educational program was not created by educators, but by the Civic Committee of the Commercial Club of Chicago, a business organization structured to draw business and tourist interests to the city.

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