This ontology defines the fundamental concepts for entities defined by their function, such as the relationship to the various forms which one or another functionally-defined entity may take. It also includes a number of basic types of entity defined by function, such as business and non-profit. The concepts in this ontology are intended to be extensible in other ontologies which may be dedicated to specific kinds of functionally-defined business entity or organization.
Functional Entities Ontology
that context in which a contextually defined thing is defined
is characterized by
An organization or economic system where goods and services are exchanged for one another or for money. Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit. Businesses can be privately owned, not-for-profit or state-owned. An example of a corporate business is PepsiCo, while a mom-and-pop catering business is a private enterprise.
business
the commercial activity of buying and selling goods
commerce
the context of carrying out trade and other commercial, i.e., for-profit activities
commercial activity
a commercial enterprise owned and managed by and for the benefit of customers or workers
cooperative society
a family office as defined in the relevant legislation
family office
a business entity defined in terms of its function
functional business entity
a business entity engaged in a trading activity
merchant
a business structure in which an individual and his/her company are considered a single entity for tax and liability purposes
sole proprietorship
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Copyright (c) 2013-2015 EDM Council, Inc.
Copyright (c) 2013-2015 Object Management Group, Inc.
http://www.omg.org/techprocess/ab/SpecificationMetadata/MITLicense
FunctionalEntities.rdf
fibo-be-fct-fct
This ontology defines the fundamental concepts for entities defined by their function, such as the relationship to the various forms which one or another functionally-defined entity may take. It also includes a number of basic types of entity defined by function, such as business and non-profit. The concepts in this ontology are intended to be extensible in other ontologies which may be dedicated to specific kinds of functionally-defined business entity or organization.
The http://www.omg.org/spec/EDMC-FIBO/BE/20131101/FunctionalEntities/FunctionalEntities.rdf version of this ontology was modified per the issue resolutions identified in the FIBO BE 1.0 FTF report.
http://www.omg.org/spec/EDMC-FIBO/FND/
http://www.omg.org/spec/EDMC-FIBO/BE/LegalEntities/LegalPersons/
http://www.omg.org/spec/EDMC-FIBO/BE/Corporations/Corporations/
http://www.w3.org/standards/techs/owl#w3c_all
http://www.omg.org/spec/ODM/
that context in which a contextually defined thing is defined
An organization or economic system where goods and services are exchanged for one another or for money. Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit. Businesses can be privately owned, not-for-profit or state-owned. An example of a corporate business is PepsiCo, while a mom-and-pop catering business is a private enterprise.
http://www.businessdictionary.com/definition/business.html
the commercial activity of buying and selling goods
the context of carrying out trade and other commercial, i.e., for-profit activities
This is the context which distinguishes businesses or commercial organizations from organizations in general, the latter including government, trans-national and non profit organizations. Note that these distinctions are usually made with reference to these kinds of context and are not necessarily reflected in the structure of those organizations.
a commercial enterprise owned and managed by and for the benefit of customers or workers
a family office as defined in the relevant legislation
a business entity defined in terms of its function
The key distinguishing feature of a functional business entity is that it may itself be constituted as some kind of business or legal entity, but the definition of this entity does not depend on it always having one specific legal structure (for example, always being a limited company). This would define for example a bank, a special purpose vehicle, most government bodies and so on.
a business entity engaged in a trading activity
proprietorship
sole trader
a business structure in which an individual and his/her company are considered a single entity for tax and liability purposes
A sole proprietorship is a company which is not registered with the state as a limited liability company or corporation. The owner does not pay income tax separately for the company, but he/she reports business income or losses on his/her individual income tax return. The owner is inseparable from the sole proprietorship, so he/she is liable for any business debts.
investorwords.com