What does G.R. stand for as applied to business?
Specifically, when used to refer to corporations and LLC's.
It's in a study guide outlining different business structures. It says Fiduciary Duty for Corporations: Shareholders -- G.R. - No.
Another instance is on an LLC where it talks about management, referring to a G.R. member.
- 1 decade agoFavorite Answer
In business management software their is G.R./I.R. clearing accounts for SOX accounting compliance. This is the Goods Receipt and Invoice Receipt in the verification process.Source(s): Ok I did a little more research. It stands for Government Resolution as in G.R. NO. 17172. Government Resolution Number 17172. It has to do with the legal definitions of corporations and LLC's
- 1 decade ago
Gross Revenue mostly
maybe even Growth Rate?
maybe even General Reserve