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Business entity - Definition and Overview |
| Related Words: Acting, Action, Activism, Activity, Affair, Allegiance, Area, Art, Buffoonery, Burden, Calling, Career, Cartel |
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The term business entity refers generally to any organization engaged in business activities, regardless of legal structure. Use of the term usually (though not always) indicates an entity's status as for-profit, as opposed to non-profit.
In the United States, for-profit business entities have three basic legal structures:
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