The status of the business.
At the time of publication, there is no agreed vocabulary for recording the status of a company. The terms 'insolvent', 'bankrupt' and 'in receivership', for example, are likely to mean slightly different things with different legal implications in different jurisdictions. XBRL Europe is in the process of defining a cross-border vocabulary for company status. Taking the existing XBRL work as a starting point, the term "Normal Activity" does appear to have cross-border usefulness and this should be used in preference to terms like "trading" or "operating". Best Practice for recording various other status levels is to use the relevant jurisdiction's terms and to do so in a consistent manner.
| type | Property |
| label | Company Status (LegalEntityCompanyStatus) |
| rdfs:range | Code |
| Title | Company Status (LegalEntityCompanyStatus) |
| definition | The status of the business. |
| Description | At the time of publication, there is no agreed vocabulary for recording the status of a company. The terms 'insolvent', 'bankrupt' and 'in receivership', for example, are likely to mean slightly different things with different legal implications in different jurisdictions. XBRL Europe is in the process of defining a cross-border vocabulary for company status. Taking the existing XBRL work as a starting point, the term "Normal Activity" does appear to have cross-border usefulness and this should be used in preference to terms like "trading" or "operating". Best Practice for recording various other status levels is to use the relevant jurisdiction's terms and to do so in a consistent manner. |
| Type | Property |
| has internal identifier | LegalEntityCompanyStatus |
| sample | "Normal Activity", "Insolvent", "Bankrupt", "In Receivership" |
| Is Part Of | Core Vocabulary |
| Legal Entity |