Business Organization
/ˈbɪznəs ɔːrɡənaɪˈzeɪʃən/
Definitions
- (n.) An entity formed to carry out commercial enterprise, including structures such as corporations, partnerships, and limited liability companies.
The business organization must comply with state registration requirements.
- (n.) The legal framework and arrangement of a commercial enterprise's internal governance and stakeholder relationships.
Understanding the legal aspects of business organization is crucial for effective management.
Forms
- business organizations
Related terms
See also
Commentary
The term broadly covers multiple legal forms under which commercial enterprises operate; precise meaning depends on jurisdiction and context.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.