Other Business Entities
Almost every recognized type of organization carries out some economic activities (for example, the family). Other organizations that may carry out activities that are generally considered to be business exist under the laws of various countries. These include:
- Consumers' cooperative
- Holding company
- Limited company (Ltd.)
- Limited liability company (LLC)
- Limited liability limited partnership (LLLP)
- Limited liability partnership (LLP)
- Limited partnership (LP)
- Low-profit limited liability company (L3C)
- Not-for-profit corporation
- Partnership
- Sole proprietorship
- Trust company, Trust law
Read more about this topic: Corporation
Famous quotes containing the words entities and/or business:
“The white man regards the universe as a gigantic machine hurtling through time and space to its final destruction: individuals in it are but tiny organisms with private lives that lead to private deaths: personal power, success and fame are the absolute measures of values, the things to live for. This outlook on life divides the universe into a host of individual little entities which cannot help being in constant conflict thereby hastening the approach of the hour of their final destruction.”
—Policy statement, 1944, of the Youth League of the African National Congress. pt. 2, ch. 4, Fatima Meer, Higher than Hope (1988)
“Really to succeed, we must give; of our souls to the soulless, of our love to the lonely, of our intelligence to the dull. Business is quite as much a process of giving as it is of getting.”
—Alice Foote MacDougall (1867–1945)