Business Organization

Business Organization
A business organization refers to the legal structure of a particular business in terms of how it functions. Its purpose is central to its structure.
Concern
In management and business contexts, 'concern' refers to matters requiring attention, issues in labor relations, or business organizations.
Fellow Subsidiary
Fellow subsidiaries are subsidiaries that are part of the same parent group of companies, sharing a common controlling parent company but operating independently of each other.
Firm
A firm is any business organization, ranging from individual proprietorships to large corporations, and it can also refer specifically to a business partnership.
Incorporate
Incorporating refers to the process of legally forming a new corporation, city, or including additional elements within an entity as per legal procedures.
Joint Stock Company
A form of business organization that combines features of a corporation and a partnership. Under U.S. law, joint stock companies are recognized as corporations, but with unlimited liability for their stockholders.
Line
A term with multiple meanings in business referring either to personnel involved in production or distribution, or the types of goods produced or carried.
Master Limited Partnership (MLP)
A Master Limited Partnership (MLP) is a business structure that combines the tax benefits of a partnership with the liquidity of a public company. This unincorporated business entity is designed to generate steady income streams for its investors, known as limited partners, while being managed by a general partner.
Master Limited Partnership (MLP)
A Master Limited Partnership (MLP) is a type of business organization that combines the tax benefits of a partnership with the liquidity of publicly traded securities.
Profit Center
A profit center is a segment of a business organization that is responsible for generating its own revenue and profitability, often operating autonomously within a larger entity.

Accounting Terms Lexicon

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