Business-owned

Relating to or controlled by a business entity; describing assets, resources, or activities that are under the proprietorship, management, and financial responsibility of a company or enterprise. This term signifies a clear distinction between personal and corporate holdings, and is frequently used in contexts of asset management, operational control, legal ownership, and profit-seeking endeavors. The nature of the business-owned entity may vary widely, including sole proprietorships, partnerships, corporations, and government-owned organizations.

Business-owned meaning with examples

• The real estate portfolio, including several commercial properties, was definitively categorized as business-owned, providing clear separation from the CEO's personal assets and streamlining financial reporting. This distinction aided in tax planning and ensured compliance with all relevant regulations, including zoning laws.
• As part of the company’s expansion strategy, all new vehicles purchased for the delivery fleet are officially business-owned. This allows for potential tax deductions related to operational expenses and a more manageable budget compared to employee-owned vehicles, providing enhanced liability protection.
• The intellectual property, consisting of patented technologies, is explicitly business-owned, protecting the company's competitive advantage. Maintaining exclusive rights to the company's ideas allows to exploit them in several ways, providing substantial revenue opportunities.
• During the audit, auditors scrutinize the records to confirm all the equipment, from computers to machinery, being used is business-owned. Clear documentation and tracking will ensure proper allocation of depreciation expenses and maintenance records for each equipment item.
• The government’s business-owned corporations play a crucial role in the nation's infrastructure projects. business-owned organizations are frequently funded by public funding, allowing access to assets to complete large-scale and important projects like railways and large-scale public transportation.