Abstract
Because they are for profit, biotechnology and related companies in the healthcare industry are organized in a fashion similar to other small businesses, with a few excep tions. In the United States, there are two types of for profit organizations, termed noncorpo rate and corporate businesses, respectively. There are significant differences between these two types of for profit businesses in terms of liability and taxation. These busi ness types are described below.
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Pertinent Reading
Articles
Pappas, M.G. 1991. Shifting economic climate expands various roles played by consultants in biotechnology.GEN 11:4.
Books
The Biotechnology Directory 1992.by J. Coombs and Y.R. Alston. Stockton Press, New York, 1991.
Business Law: Principles and Cases. by H.F. Lusk, C.M.Hewitt, J.D. Donnell, and A.J. Barnes. Richard D.Irwin, Homewood, IL, 1978.
Keys to Incorporating.by S.A. Fox. Barron’s Educational Series, Hauppauge, NY, 1989.
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© 1994 Springer Science+Business Media New York
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Pappas, M.G. (1994). Corporate Organization. In: The Biotech Business Handbook. Humana Press, Totowa, NJ. https://doi.org/10.1007/978-1-4612-0293-6_3
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DOI: https://doi.org/10.1007/978-1-4612-0293-6_3
Publisher Name: Humana Press, Totowa, NJ
Print ISBN: 978-1-4684-7139-7
Online ISBN: 978-1-4612-0293-6
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