Core Data Model Mapping Directory

Company Status (LegalEntityCompanyStatus)

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.

Internal Identifier
LegalEntityCompanyStatus
Public ID
No public identifier
CDMMD ID
http://mapping.semic.eu/vdm/id/cv/24efa63ac4b1c21ec4ddb8417bd0a07a
Type
Property
Raw data
HTML | RDF/XML | Turtle

Metadata

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

Mappings

Mapping Type Element Core Data Model
has close match 25a7bc16c944ba4ce8db9af2d5a30136
has close match nc:OrganizationStatus NIEM 3.0
has exact match 692b8e790a0de9dc5fbb1043516b577f
has narrow match 51aebb4d3949ffff6d93c352ac72dbf4

Referenced by

Legal Entity