business entity

Definition

Organization established as a separate existence for the purposes of taxes. Corporations, limited liability companies, and sole proprietorships are types of common business entities.

Use business entity in a sentence

  • You should try and take advantage of every business entity that you have and use them all for all that they offer.

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  • He was a top business entity at the firm my father worked at and it came across in his behavior and attitude.

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  • The business entity was not simply a shell company that existed for tax benefits, but it was a natural partner.

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