An Enterprise is an organisation for a business or company who is carrying out business activities for the profit generations. The Enterprise manages and controls all necessary functions to provide goods and services involving directly or indirectly industrial financial and commercial aspects. Enterprise types are: Individual Proprietorships (owned and run by one person); Partnership (owned and run by two or more individuals – general or limited); Corporation or Limited Liability Company (LLC) (owners’ liability is distributed to the shareholders as dividends); Professional Company/Professional Limited Liability Company (PC/PLLC) as well as a non-profit institution, or an unincorporated enterprise.
Related Definitions in the Project: The Business Organisation
