Legal entities

2017-07-27T22:23:09+03:00[Europe/Moscow] en true Kommanditgesellschaft, Corporation, Natural person, General partnership, Limited liability partnership, Liquidation, Partnership, Subsidiary, Types of business entity, Consumers' co-operative, Division (business), United States as a tax haven, Income trust flashcards Legal entities
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  • Kommanditgesellschaft
    A Kommanditgesellschaft (abbreviated "KG", pronounced [kɔmanˈditgəˌzɛlʃaft]) is the German name for a limited partnership business entity and is used in German, Austrian and some other European legal systems.
  • Corporation
    A corporation is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
  • Natural person
    In jurisprudence, a natural person is a person (in legal meaning. i.e., one who has its own legal personality) that is a human being, as opposed to a legal person, which may be a private (i.e., business entity or non-governmental organization) or public (i.e., government) organization.
  • General partnership
    In most countries, a general partnership (the basic form of partnership under common law) is an association of persons or an unincorporated company with the following major features: * Created by agreement, proof of existence and estoppel.
  • Limited liability partnership
    A limited liability partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liabilities.
  • Liquidation
    In United Kingdom and United States law and business, liquidation is the process by which a company (or part of a company) is brought to an end, and the assets and property of the company are redistributed.
  • Partnership
    A partnership is an arrangement where parties, known as partners, agree to cooperate to advance their mutual interests.
  • Subsidiary
    A subsidiary, subsidiary company or daughter company is a company that is owned or controlled by another company, which is called the parent company, parent, or holding company.
  • Types of business entity
    A business entity is an entity that is formed and administered as per commercial law in order to engage in business activities, charitable work, or other activities allowable.
  • Consumers' co-operative
    Consumer cooperatives are enterprises owned by consumers and managed democratically which aim at fulfilling the needs and aspirations of their members.
  • Division (business)
    A division of a business or business division (sometimes called a business sector) is one of the parts into which a business, organization or company is divided.
  • United States as a tax haven
    In 2010, the United States implemented the Foreign Account Tax Compliance Act; the law required financial firms around the world to report accounts held by US citizens to the Internal Revenue Service.
  • Income trust
    An income trust is an investment that may hold equities, debt instruments, royalty interests or real properties.