What is a business organization?

Business organization, an entity formed for the purpose of carrying on commercial enterprise. Such an organization is predicated on systems of law governing contract and exchange, property rights, and incorporation. Most businesses are limited-liability companies. Learn more about business principles of operation.

What is a commercial business?

If the commercial business definition still seems unclear, think of the brands you love or interact with on a daily basis. Pepsi, Coca-Cola, Walmart, Target, McDonald’s, Dell, HP and Google are all commercial organizations. Their goal is to develop and sell products or services that provide value to the end customer and generate revenue.

What is a commercial organization?

Commercial organization means an organization, institution, corporation, or other legal entity, including, but not limited to, partnerships, sole proprietorships, and limited liability companies, that is organized or operated for the profit or benefit of its shareholders or other owners.