Definition, Meaning & Synonyms
corporate business
Noun
/ˈkɔːrpərət ˈbɪznəs/
Definition
A type of business organization that is legally recognized as a separate entity from its owners, which can be taxed and held liable for its actions.
Examples
- The corporate business structure allows shareholders to limit their liability.
- Many start-ups aspire to grow into successful corporate businesses.
- Corporate businesses often have complex hierarchies and systems in place.
Meaning
Corporate business refers to the structured system of a company that is established to conduct activities for profit, while providing a level of legal protection to its owners.
Synonyms
- Company
- Enterprise
- Corporation
- Firm
