14:19
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LSDefine
Simple English definitions for legal terms
structure
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A quick definition of structure:
Structure: A structure is something that people build on land, like a house or a shed. In a legal sense, structure means how a company or business is organized.
A more thorough explanation:
Definition: In a non-legal context, a structure is an artificial construction built over a piece of land, like a shed, a house, or a building. In a legal context, structure refers to the deliberate organization of legal elements, such as corporate governance or business structure.
Example: A house is an example of a structure. It is an artificial construction built over a piece of land to provide shelter and living space for people.
Explanation: The example illustrates the non-legal context of the term structure. A house is a man-made construction built over a piece of land, which provides shelter and living space for people. It is an example of a structure because it is an artificial construction built over a piece of land.
Example: In a legal context, the structure of a corporation refers to the way it is organized, including its governance, ownership, and management.
Explanation: The example illustrates the legal context of the term structure. In this context, structure refers to the deliberate organization of legal elements, such as corporate governance or business structure. The structure of a corporation includes its governance, ownership, and management, which are all legal elements that are deliberately organized to ensure the smooth functioning of the corporation.