A business that is legally registered.
In many countries there is a single registry although in others, such as Spain and Germany, multiple registries exist. A Legal Entity is able to trade, is legally liable for its actions, accounts, tax affairs etc. This makes legal entities distinct from the concept of organisations, groups or sole traders. Many organisations exist that are not legal entities; yet to the outside world they have staff, hierarchies, locations etc. Other organisations exist that are an umbrella for several legal entities (universities are often good examples of this). This vocabulary is concerned solely with registered legal entities and does not attempt to cover all possible trading bodies.
| type | Class |
| label | Legal Entity |
| Title | Legal Entity |
| definition | A business that is legally registered. |
| Description | In many countries there is a single registry although in others, such as Spain and Germany, multiple registries exist. A Legal Entity is able to trade, is legally liable for its actions, accounts, tax affairs etc. This makes legal entities distinct from the concept of organisations, groups or sole traders. Many organisations exist that are not legal entities; yet to the outside world they have staff, hierarchies, locations etc. Other organisations exist that are an umbrella for several legal entities (universities are often good examples of this). This vocabulary is concerned solely with registered legal entities and does not attempt to cover all possible trading bodies. |
| type | Class |
| has internal identifier | LegalEntity |
| included asset | Location (LegalEntityLocation) |
| included asset | Company Activity (LegalEntityCompanyActivity) |
| included asset | Company Status (LegalEntityCompanyStatus) |
| included asset | Identifier (LegalEntityIdentifier) |
| included asset | Alternative Name (LegalEntityAlternativeName) |
| included asset | Address (LegalEntityAddress) |
| included asset | Registered Address (LegalEntityRegisteredAddress) |
| included asset | Company Type (LegalEntityCompanyType) |
| included asset | Legal Identifier (LegalEntityLegalIdentifier) |
| included asset | Legal Name (LegalEntityLegalName) |
| sample | |
| Is Part Of | Core Vocabulary |