We use cookies to improve security, personalize the user experience,
enhance our marketing activities (including cooperating with our marketing partners) and for other
business use.
Click "here" to read our Cookie Policy.
By clicking "Accept" you agree to the use of cookies. Read less
Understanding Organization: Legal Definitions and Types
Definition & meaning
The term organization refers to a structured group of individuals working together to achieve common goals. Legally, it encompasses various entities such as corporations, trusts, estates, partnerships, cooperatives, associations, and government bodies. Understanding the definition of an organization is essential, as it impacts how these entities operate within the legal framework, including their rights and responsibilities.
Table of content
Legal use & context
In legal practice, the term organization is frequently used in areas such as corporate law, contract law, and tax law. Organizations are subject to specific regulations that govern their formation, operation, and dissolution. Users may need to complete various forms related to organizational structure or compliance, which can often be managed using resources like US Legal Forms. These templates can help individuals navigate the legal requirements efficiently.
Key legal elements
Real-world examples
Here are a couple of examples of abatement:
Here are a couple of examples of organizations:
A local non-profit organization that provides community services, such as food banks and shelters.
A corporation that operates a chain of retail stores, structured to maximize profits for its shareholders.
Relevant laws & statutes
Organizations are governed by various laws, including:
15 USCS Appx 12 CFR § 213.2 (j) - Defines the term organization in the context of consumer leasing.
State corporate laws - Vary by state, governing the formation and operation of corporations and other entities.
State-by-state differences
Examples of state differences (not exhaustive):
State
Key Difference
California
Requires additional disclosures for non-profit organizations.
Delaware
Known for business-friendly laws and fast incorporation processes.
Texas
Has specific regulations for cooperative associations.
This is not a complete list. State laws vary, and users should consult local rules for specific guidance.
Comparison with related terms
Term
Description
Difference
Corporation
A specific type of organization formed to conduct business.
Corporations are a subset of organizations focused on profit-making.
Partnership
An organization formed by two or more individuals to manage a business.
Partnerships involve shared ownership and responsibilities among partners.
Common misunderstandings
What to do if this term applies to you
If you are involved with an organization, consider the following steps:
Determine the type of organization and its legal requirements.
Use US Legal Forms to find templates that can help with compliance and documentation.
If you face complex legal issues, consult a legal professional for guidance.
Find a legal form that suits your needs
Browse our library of 85,000+ state-specific legal templates.
A corporation is a specific type of organization focused on business activities, while the term organization encompasses a broader range of entities.
Yes, many organizations operate as non-profits, focusing on social, educational, or charitable purposes.
The forms required depend on the type of organization and the state in which it operates. US Legal Forms can provide templates for various organizational needs.