Business Entity Concept

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Definition: Business Entity Concept

Business Entity Concept
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Full Definition of Business Entity Concept

The idea that a corporation should be considered to be an individual entity separate from the individuals who make up the corporation, or those who finance it. The business entity concept introduces a separation between the responsibilities of companies and those of affiliated individuals, and also provides continuity beyond the involvement of any one affiliate.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

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https://payrollheaven.com/define/business-entity-concept/
Modern Language Association (MLA):
Business Entity Concept. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/business-entity-concept/.
Chicago Manual of Style (CMS):
Business Entity Concept. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/business-entity-concept/ (accessed: April 19, 2024).
American Psychological Association (APA):
Business Entity Concept. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/business-entity-concept/

Definition Sources

Definitions for Business Entity Concept are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.