Business Entity

A business entity is a way of defining a business operation or overall organization. For the purpose of risk management and governance, risk and compliance a business entity can be defined as the organization as a whole, a specific department, a process or a specific event. A business entity can also be described as a sub-division within an organization that is completely autonomous from the rest of the organization.

The distinct business entity will have complete control over how it utilizes its assets, organizes its management and the most appropriate financing structure if required.

A business entity may be influenced by the legal structure and may be defined in the legal systems of various countries.

Business Entity and Risk Management Software - RM Studio

RM Studio simplifies the process of adding business entities into the risk management process. Allowing you to quickly link assets to the appropriate business entity, making the risk management process effective and efficient. For more information on RM Studio, see the Risk Management Software page and the Benefits and Features of RM Studio page.