Organizational Form
/ˌɔːrɡənaɪˈzeɪʃənəl fɔːrm/
Definitions
- (n.) A legally recognized structure or arrangement under which an entity operates, defining its governance, liability, and regulatory framework.
The choice of an organizational form affects a company's tax obligations and liability exposure.
Related terms
See also
Commentary
The term broadly covers legal configurations such as corporations, partnerships, and LLCs; choosing the appropriate form is critical for liability and tax considerations.
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.