The term "business structure" refers to the legal framework that governs an organization within a specific jurisdiction. It defines the rights and responsibilities of the company and its owners, including the ability to raise capital, assume liabilities, and pay taxes.
source https://www.caclubindia.com/articles/how-to-register-company-in-usa-49468.asp
source https://www.caclubindia.com/articles/how-to-register-company-in-usa-49468.asp
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