Back to Encyclopedia

Business Structure

Corporation

Definition: A form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors
Read More

Incorporation

Definition: To legally form a corporation
Read More

Partnership

Definition: A legal form of business operation between two or more individuals who share management and profits. The federal government recognizes several types of partnerships. The two most common are general and limited partnerships.
Read More

Limited Liability Company

Definition: A form of business organization with the liability-shield advantages of a corporation and the flexibility and tax pass-through advantages of a partnership
Read More

Limited Liability Partnership

Definition: A business organization that allows limited partners to enjoy limited personal liability while general partners have unlimited personal liability
Read More

Nonprofit Corporation

Definition: A business organization that serves some public purpose and therefore enjoys special treatment under the law. Nonprofit corporations, contrary to their name, can make a profit but can't be designed primarily for profit-making.
Read More

Sole Proprietorship

Definition: A business that legally has no separate existence from its owner. Income and losses are taxed on the individual's personal income tax return.
Read More

Subchapter S Corporation

Definition: A special form of corporation that allows the protection of limited liability but direct flow-through of profits and losses
Read More

Popular Articles

start your own business

Can a Startup Studio Help You Find Your Next Big Idea?

The CEO of the Global Accelerator Network makes the case for matchmaking entrepreneurs and ideas.
Marketing

How to Write a Winning PR Pitch

A three-step guide to gaining meaningful journalistic coverage.
Amazon

Amazon Adds Thousands of Counter Pick-up Locations in the U.S.

The e-commerce giant first launched its Counter pick-up concept back in June 2019.
Running a Business

How to Hire and Win the War for Talent

If you can't find the right people to hire, you might be looking in the wrong places.