Write do you understand by business organization explian is different from
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A business organization is the legal set-up of your business. Each state and region has different laws for registering your business organization, so check what's required to set up your business. To decide which type of business organization suits your business, you will choose who is liable and for how much, what assets belong to the company and how they are divided. Your business organization will define whether the business is a for-profit or a non-profit. If it's for-profit, your business organization dictates how those profits will be divided. The organization will also extend to the hierarchical structure within the company, for day-to-day operations, and in regard to legal responsibility.
different types of business organisations are-