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Topic: Legal entity

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	Legal entity - Wikipedia, the free encyclopedia
		A legal entity is a legal construct through which the law allows a group of natural persons to act as if it were a single composite individual for certain purposes.
		A legal entity that does have a separate existence from its members is called a company or corporation.
		Legal entities cannot marry, they cannot vote or hold public office, and in most jurisdictions there are certain positions which they cannot occupy.
	en.wikipedia.org /wiki/Legal_entity (392 words)

	Jehovah's Witnesses: Appeal for cassation
		Legal entities of private law (entrepreneurial or non-entrepreneurial) have the right to engage in any activity that is not prohibited by law, regardless of whether such is stipulated by its charter.
		Legal entities of public law are legally empowered to carry out activity that corresponds to the goals determined by the law or its founding documents.
		Legal entities whose goal is not entrepreneurial activity, may exist in the form of unions (associations) and foundations.
	jw-media.org /region/europe/georgia/english/legal_cases/e_000724.htm (5742 words)

	ZEVEN - Legal Entity
		A NV is a legal entity with its authorized capital divided into shares (which must have a par value).
		I understand the "corporate veil" to be the characteristic that establishes the NV as a separate legal entity.
		Even if a NV is a subsidiary of another legal entity and as such is part of a larger group of companies, the corporate veil can not and will not be pierced.
	www.zeven.com /3.htm (435 words)

	Entity definitions (Site not responding. Last check: 2007-11-06)
		A separate legal entity, this type of business includes a general partner and one or more limited partners who invest capital into the partnership, but do not take part in the daily operation or management of the business.
		A separate legal entity, the LLC is a hybrid between a partnership and a corporation, combining the limited liability advantage of a corporation with the tax status of a sole proprietor or partnership.
		Similar to the partnership entities, the LLC is governed by an operating agreement, or in the absence of one, by the Connecticut Limited Liability Company Act.
	www.ct-clic.com /business/entity_definitions.htm (1441 words)

	Traders Tax Using a Legal Entity
		Each legal entity is recognized by the IRS as a single body and is given a unique identification number, like an individual’s social security number.
		We do not believe that there is any one perfect entity or entity structure, which is why we compile a tax action plan to help you determine if the LLC or C corporation would work best for you, or some combination of both.
		If you want to use a legal entity for your trading, and you want to take money out of your trading business without paying payroll taxes, and you will be trading less than 300 trades per year, the combination of the C-corporation and the LLC may be right for you.
	www.tradejuice.com /traders-tax/using-legal-entity-ta.htm (1137 words)

	BNDES: Clients - Legal Entity
		Legal entities with Private Rights, based in Brazil, whose effective control is exercised, directly or indirectly, by a private individual or legal entity based abroad, as long as, in accordance to the law in force, the BNDES has available resources that have been obtained abroad to the Executive Power authorizes the granting of financial assistance.
		In the case of activities initiated in the same calendar year, the limits mentioned above are proportional to the number of months in which the legal entity of individual firm has exercised activities, not considering fractions of months.
		When the company is controlled by another company or belongs to an economic group, the size classification will be granted considering the consolidated gross revenues.
	www.bndes.gov.br /english/legal_entity.asp (300 words)

	Idaho Small Business Solutions - Legal Structure & DBAs
		A legally binding partnership agreement may be created orally, in writing, or it may be implied by the actions of the individuals.
		While a partnership is recognized as a separate legal entity from the individual partners, the partners’ personal assets may be used to satisfy the business's creditors, including debts incurred for the business by only one partner.
		Legal assistance in setting up a corporation is strongly advised because originals of the corporation's Articles of Incorporation must be filed with the Secretary of State's office.
	www.idahobizhelp.org /legal_ent.htm (2252 words)

	The Chicago Business Consulting Group, Inc. (Site not responding. Last check: 2007-11-06)
		When deciding exactly which type of entity to utilize, it is necessary to consider the short and long-term goals of the business, the nature of the business and the benefits associated with each type of entity.
		However, if an entity or business owner is not properly protected, then the entity and business owner are at risk to an unnecessary amount of legal liability and render 1) their personal assets vulnerable to satisfying debts of the business and 2) their business assets at risk to satisfying personal debts or lawsuits.
		Since the partnership is not a separate taxable entity, each partner then reports his or her share of the net income or loss and other special items that were reported on the partnership return on his or her individual tax return (IRS Form 1040).
	www.cbcgroupinc.com /entity_structuring.htm (2612 words)

	Legal Assistant Today - Managing Legal Entities - November/December '06 (Site not responding. Last check: 2007-11-06)
		Many new job prospects involve employment in a section of corporate legal departments that goes by many names, including the office of the corporate secretary, legal entity management, the corporate secretaries group and corporate compliance management.
		Today, the complexity of managing voluminous amounts of legal entity information, and the speed with which it must be made available to others within and outside a corporation, means more and more companies have no alternative but to leverage some of the latest technological solutions.
		Selinger said if companies are not yet using legal entity management software, they are missing out on an opportunity to become more efficient in terms of supporting their internal and external business partners and proactively maintaining subsidiary compliance.
	www.legalassistanttoday.com /issue_archive/feature2_nd06.htm (2956 words)

	TMEP Section 802.03, Legal Entity of Applicant (BitLaw) (Site not responding. Last check: 2007-11-06)
		If the nature of the legal entity of the applicant was identified incorrectly by mistake, but the actual entity being referred to was in fact the owner at the time of filing the application, the mistake in setting out the applicant's entity status may be corrected by amendment.
		The examining attorney should inquire further into the specific nature of a foreign legal entity if it is not clear that it is in fact a designation of legal entity in the particular country.
		This type of entity may be incorporated with a limited or unlimited liability, but the society's name must bear a qualification as to whether it is a limited or unlimited cooperative.
	www.bitlaw.com /source/tmep/802_03.html (2901 words)

	Legal Link 2, 1: Choosing Entity
		Because the proprietorship is not considered to be a separate legal entity, the proprietor merely reflects any gain or loss on Schedule C of the proprietor's personal IRS Form 1040.
		Furthermore, because C corporations, unlike partnerships or sole proprietorships (or S corporations), are treated as separate legal entities from their owners, a corporation has almost complete freedom in selecting its taxable year.
		One disadvantage of the corporate form is that a C corporation, as a legally separate entity, cannot pass the losses to its shareholders for use on their personal income tax returns in order to offset their other taxable income.
	www.zegarelli.com /Content_LegalLinks/lglnk21_Entities.htm (2838 words)

	AAPC: Audit Legal Representation Letter Guidance
		Management of the Federal reporting entity is responsible for adopting policies and procedures to identify, evaluate and account for litigation, claims and assessments as a basis for the preparation of financial statements in accordance with the requirements of the Chief Financial Officers Act of 1990 and the Government Management Reform Act of 1994.
		A representation letter from legal counsel to the auditor, in response to a letter of audit inquiry from management to legal counsel, is the auditor’s primary means of corroborating the information furnished by management concerning the accuracy and completeness of litigation, claims and assessments.
		The legal representation letter provided to the auditor by the legal department of the Federal reporting entity requires an assertion as to the completeness of the list of litigation, claims and assessments, including matters handled by DOJ or other outside legal counsel on behalf of the Federal reporting entity.
	www.fasab.gov /aapc/legalgud.htm (1035 words)

	Wisconsin.gov - Build Your Business - Legal Entity Types (Site not responding. Last check: 2007-11-06)
		No legal formalities are required to bring this form of business structure into being, and there are no particular formalities necessary for operation.
		You are encouraged to seek additional information and/or obtain the assistance of a qualified accountant or attorney before finalizing your choice of legal entity.
		A business corporation is a general-purpose entity in which management is exercised by a board of directors elected by shareholders.
	www.wisconsin.gov /state/byb/legalentity.html (955 words)

	Selecting the Legal Entity for your Enterprise
		A sole proprietorship is not considered to be a legal entity under the law, but rather is an extension of the individual who owns it.
		A partnership is a legal entity recognized under the law, and as such, it has rights and responsibilities in and of itself.
		A corporation is a separate legal entity which exists under the authority granted by provincial or federal law.
	www.peverill.net /entity.htm (962 words)

	Legal Entity Directory
		Our legal entity directory helps you gain an upper hand in documenting existing org structures and in creating and documenting new structures for planning and analysis.
		If you choose to collaborate real time through legal entity directory with your business partners such as legal, or integrate with their tools, you can save data retrieval and communication time and know potential tax issues sooner.
		Legal Entity directory also provides an easy to use interface for a reviewer to gain access to more detailed information about an entity without having to access detail levels of Tax Series.
	www.taxtechnologies.com /products/Legal_Entity_Directory/default.htm (731 words)

	Business Policies - PHI
		The legal entity that employs the employee will not always match the business or group for which the employee does work.
		Who works for what legal entity may be controlled by legal and regulatory requirements -- so deciding which entity should be the legal employer for a particular employee will not always be obvious.
		Employees regularly performing services for more than one legal entity, none of which is a “utility” as defined by the SEC, should be employed by the legal entity for which they perform the majority of their services.
	www.pepcoholdings.com /services/governance/policies/legal (345 words)

	Entity - Wikipedia, the free encyclopedia
		An entity is something that has a distinct, separate existence, though it need not be a material existence.
		In particular, abstractions and legal fictions are usually regarded as entities.
		A DBMS entity is either a thing in the modelled world or an drawing element in an ERD.
	en.wikipedia.org /wiki/Entity (384 words)

	Practice Perfect - Legal Issues
		The paradigm of any successful combination would be one single legal entity in which all of the treating professionals participate as equity owners, thus sharing in the proceeds of not only their own professional labors, but the labors of their colleagues as well.
		At this point the principle legal impediment to a combination of professionals are the prohibitions in the laws of the several states, which vary significantly from state to state, against combination of the several separate professions.
		An allied but slightly different legal impediment to practice combinations is the "corporate practice rule." These laws, which again vary by state, prevent the employment by professionals, in this case usually medical doctors by a corporation or any other entity not licensed to practice medicine such as an individual or partnership.
	www.dahan.com /about/legal.html (2239 words)

	Edit Legal Entity Window
		Before creating a new Legal Entity, plan carefully. Have all necessary names, addresses and legal codes in front of you, as well as detailed information for associated Bank Accounts. It is best to enter all information correctly the first time; trying to make significant changes later will complicate your work.
		Enter the official title of the Legal Entity. If your entity is registered with a government agency, enter the name just as it appears on government registration documents. This name will print on the cover sheet of the FEC Form 3X and all state reports exactly as it appears here.
		Earmarking If your entity accepts earmarked contributions, check this box. An earmarked contribution is one which a contributor directs (either orally or in writing) to a clearly identified candidate or candidate’s committee through an intermediary or conduit. When it accepts earmarked contributions, a PAC acts as a conduit, forwarding earmarked Disbursements to indicated candidates.
	www.gnossos.com /webhelp/Edit_Legal_Entity_Window.htm (1107 words)

	Corporate Law Contract Lawyers SEC Partnership Law Securities Lawyer Contract Attorney Business Law Business Lawyers ...
		Just like a corporation or a partnership, a Limited Liability Company is a separate legal entity, but it is treated as a partnership for tax purposes and therefore carries with it the "flow through" or "transparent" tax benefits that corporations do not have.
		Whether the lawsuit has merit or not, the dynamics are usually the same; defending a legal action is extremely stressful and debilitating and distracts business owners from concentrating on running their own business, further compounding the negative impact of the lawsuit itself.
		All the legal expertise in the world is useless if it cannot be practically applied to the specific needs of the entrepreneur.
	www.legalandcompliance.com /limitedliability.html (1080 words)

	Pros and Cons of Forming a Legal Entity for Your Trading Business
		For some traders, forming a legal entity may be one way to help protect their personal wealth and potentially enhance tax advantages.
		Unlike a trading sole proprietorship whose net gains reported on Schedule D are not considered self-employment income, certain legal entities may let traders set up a range of tax-deductible employee benefit plans such as medical coverage and tax-deferred retirement programs such as 401(k) plans.
		Corporations, the most formal of all business arrangements, are state-chartered legal entities owned by shareholders whose liability, like limited partners in an LLC or LLP, is limited to the amount that each shareholder has invested.
	personal.fidelity.com /myfidelity/atn/archives/april2004.shtml (1750 words)

	Twenty Questions on Selection of a Legal Entity
		The tax benefits of pass-through entities in general as compared to corporations are discussed; so are the effects of self-employment taxes and income taxes on S corporations.
		The use of an entity for the holding of investment or business realty is not advised if an IRC section 1031 exchange is contemplated in the near future when one owner wishes to "cash out" and another wants to reinvest in realty.
		Having the corporate entity completely disregarded by a judgment creditor or the IRS is always a possibility, particularly when the corporate formalities such as shareholder and board of director meetings are not held and formalized for the record.
	www.nysscpa.org /cpajournal/1999/0899/features/F40899.HTM (3923 words)

	OUTLAWS LEGAL SERVICE
		As a legal entity, a corporation has rights and liabilities that are separate and distinct from those of its shareholder-owners.
		As a legal entity, a corporation is able to enter into contracts and to sue or be sued in the corporate name.
		Generally, a corporation is first recognized as a legal entity when the articles are filed with the secretary of state; however, some states require additional filings in designated counties.
	www.outlawslegal.com /refer/corporations.htm (8940 words)

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