Legal organization (LO) refers to refers to the legal form of the economic entity provides the legal basis for ownership of the establishment.

1. Single Proprietorship (LO=1) - refers to a business establishment organized, owned, and managed by one person, who alone assumes the risk of the business enterprise.

2. Partnership (LO=2) - refers to an association of two or more individuals for the conduct of a business enterprise based upon an agreement or contract between or among them to contribute money, property or industry into a common fund with the intention of dividing profits among themselves.

3. Government Corporation (LO=3) - also called Government-Owned or Controlled Corporation (GOCC) refers to a corporation organized for private aim, benefit or purpose with the government as the major stockholder, regardless of whatever they are stock or non-stock corporations.

4. Stock Corporation (LO=4) - refers to an ordinary business corporation organized by private persons, created and operated for the purpose of making a profit which may be distributed in the form of dividends to stockholders on the basis of their invested capital.

5. Non Stock, Non-profit Corporation (LO=5) - refers to a business corporation which does not issue stock to its members and are created not to profit but for the public good and welfare. Of this character are most of the religious, social, charitable, educational, literary scientific, civic and political organizations and societies.

6. Cooperative (LO=6) - refers to an organization composed primarily of small producers and/or consumers who voluntarily join together to form a business enterprise which they themselves own, control and patronize.

7. Others (LO=7) - refers to an organization not classified in any of the above classification. It includes private associations, foundations, Non-Governmental Organizations, or other forms of legal organizations.