Ostroff, Fair and Company
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What is the difference between Corporate and business?



what is the difference between corporate sector and business sector?

Corporate refers to a particular part of the bussiness sector. The structure of a bussiness determines whether it is a corporation. Wal-mart is a corporate bussiness, for example.

A bussiness can also be single proprietor or partnership (and limited liability corps. are usually not considered 'corporate' bussinesses). A local plumber or non-chain restaurant are common examples of bussinesses that are non-corporate.
Business can include any thing including a prostitute on a street or even a drug peddler in back alley's. Where as corporate usually means business governed by statute.
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