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However, there is a great diversity in corporate forms, as enterprises range from single company to multi-corporate conglomerate. [1] The four main corporate structures are Functional, Divisional, Geographic, and the Matrix. Many corporations have a “hybrid” structure, which is a combination of different models with one dominant strategy. [2]
A business entity is an entity that is formed and administered as per corporate law [Note 1] in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined
Virtual organization is defined as being closely coupled upstream with its suppliers and downstream with its customers such that where one begins and the other ends means little to those who manage the business processes within the entire organization. A special form of boundaryless organization is virtual.
Corporate Personality: A Study in Jurisprudence (1930) Hessen, Robert. In Defense of the Corporation. Hoover Institute. 1979. Hunt, Bishop. The Development of the Business Corporation in England (1936) Klein and Coffee. Business Organization and Finance: Legal and Economic Principles. Foundation. 2002.
In English law and in legal jurisdictions based upon it, a company is a body corporate or corporation company registered under the Companies Acts or under similar legislation. [8] Common forms include: Private companies limited by guarantee; Community interest company; Charitable incorporated organisation
The primary characteristic an LLC shares with a corporation is limited liability, and the primary characteristic it shares with a partnership is the availability of pass-through income taxation. As a business entity, an LLC is often more flexible than a corporation and may be well-suited for companies with a single owner. [5]
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