Ownership structure refers to the way in which a company or organization is owned and controlled. It outlines who holds the shares or stakes in the business, which can include individuals, other companies, or institutional investors. This structure can significantly influence decision-making processes, financial performance, and overall governance. Different types of ownership structures exist, such as sole proprietorships, partnerships, and corporations. Each type has its own legal implications and responsibilities. For example, in a corporation, ownership is divided among shareholders, while in a sole proprietorship, one individual has complete control and responsibility for the business.