At a recent meeting of the local branch of the Women’s Institute, they discussed what sort of organization they were. The discussion broadened into a general debate about all types of organizations, and someone brought up the term ‘business entity’. Although there were many opinions, there was little sound knowledge about what business entities are. Jane Cross said that her husband was an accountant and she was sure he wouldn’t mind spending an hour one evening to enlighten them on the subject. Chris Cross fished out his textbooks to refresh his knowledge of the subject and came up with a schedule of all the different business entities he could think of together with the details of their defining features and key points of difference and similarity. Prepare the sort of schedule that Chris might have drafted for his talk and identify the category that the Women’s Institute might fall into.