As noted with the definition for ownership and control structure - as this is often used interchangeably:

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Ownership and control structure refers to the arrangement and distribution of ownership rights and interests in a company or organization. Sometimes simply referred to as an ownership structure, this structure delineates how the ownership is divided among shareholders, partners or members, and it influences the control, decision-making processes and financial benefits within the entity. Understanding an ownership structure is crucial for determining the distribution of power, responsibilities, and profits.

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Understanding an entity's ownership and control structure is essential for regulatory compliance, risk assessment, and strategic decision-making - especially when it comes to Know Your Customer (KYC) processes. It helps in identifying the ultimate beneficial owners (UBOs), ensuring transparency in financial transactions, and safeguarding against potential conflicts of interest. Accurate knowledge of the ownership structure also facilitates better governance, effective management, and alignment of the stakeholders’ interests with the organization’s goals.

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Also, see corporate structure.