In 2005, the Base Realignment and Closure. Commission (BRAC) mandated consolidation of these. 2 institutions into a new Walter Reed National Military. Medical Center that would be constructed onthe grounds. of the National Naval Medical Center in Bethesda, Maryland.' This new medical facility is intended to pro-.
proprietary companynoun [ C ] uk â us â. âº a company that owns enough shares of another company to control it: Mutuals delivered better returns than proprietary companies. âº LAW in Australia, New Zealand, and South Africa, a type of limited company (= one whose owners only have to pay part of the money they owe if it fails).
An incorporated business, or a corporation, is a separate entity from the business owner and has natural rights.Conversely, a business owner and an unincorporated business are the same, and the owner personally bears all results of the business.Unincorporated businesses are usually sole proprietor or partnership companies.The main difference between an incorporated and unincorporated business is the way owners shoulder business activities.n incorporated business, or a corporation, is a separate entity from the business owner and has natural rights.