Different Types of Entities in a Business.

When you look at the facility where they operate, the staff they

hire, and the products they sell, they may all appear to be the

same. However, when it comes to legal framework, they can be

very different. The type of entity they are is determined by their

legal structure, which in turn dictates the regulations that will be

applied to them. The following is a list of the many types of

entities and their accounting significance.