name of entity definition meaning
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- Quick Answer. A legal entity name is a term that refers to a group of real people, called natural persons, that acts as one entity for legal matters. Examples of such legal matters include contracts or lawsuits. Legal entities include corporations, unions and political parties. Continue Reading
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entity 1) In the Standard Generalized Markup Language (SGML), an entity is a specific character string that has the effect of causing a formatting program (such as a print formatter or a Web browser-which formats for a display screen) to select and present a particular character or notation.
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What Is a Legal Entity Name? A legal entity name is a term that refers to a group of real people, called natural persons, that acts as one entity for legal matters. Examples of such legal matters include contracts or lawsuits. Legal entities include corporations, unions and political parties. Continue Reading.
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- Definition: A disregarded entity is a business entity that is separate from its owner but which elects to be disregarded as separate from the business owner for federal tax purposes. If this sounds like a double negative, it is.
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Definition of âlegal entityâ - English Dictionary › a company or organization that has legal rights and responsibilities, for example the right to make contracts and the responsibility to pay debts: All companies whose affairs are regulated by the Corporation Act are legal entities.
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- A. What is a Legal Name? The legal name of a business is the name of the person or entity that owns a business. If the business is a partnership, the legal name is the name given in the partnership agreement or the last names of the partners. For limited liability companies (LLCs) and corporations, the business' legal name is the one that was registered with the state government.
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- Full Definition of NAME. 1. a: a word or phrase that constitutes the distinctive designation of a person or thing b: a word or symbol used in logic to designate an entity. 2. 3. c: a person or thing with a reputation.
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Translations for assumed name alias, assumed name, false name (noun). a name that has been assumed temporarily. assumed name, fictitious name, Doing Business As, DBA (noun). (law) a name under which a corporation conducts business that is not the legal name of the corporation as shown in its articles of incorporation.
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Separate entity principle - Class Note - Separate entity... View Full Document.  Separate entity principle: a corporation is a separate person from the investors (investor shareholders), because so, the investors are not responsible for the actions of the corporation, gives limited liability to the shareholders. The investors can't be sued for the entity of the corporation.
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- 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.here are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability company and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province.
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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. Early incorporated entities were established by charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature).n a joint-stock company the members are known as shareholders and each of their shares in the ownership, control and profits of the corporation is determined by the portion of shares in the company that they own.
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Business Entities (Domestic and Foreign) â Overview The term business entities refers to limited liability companies, corporations, trusts, and other entities that may be used for many purposes, such as tax and estate planning. Business entities are relatively easy to establish.
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- Natural Persons: There is no parent according to the definition used, because the entity is controlled by natural person(s) without any intermediate legal entity meeting the definition of accounting consolidating parent.
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entity A thing that exists in its own right. The law recognizes corporations and people as entities with rights and legal obligations. “ The entity that is responsible for distributing funds in the debtors bankruptcy case is the bankruptcy trustee whom we can contact.
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Definition of Entity in Accounting There are a number of possibilities for different entities within an organization. For example, a company with different divisions of the business might define each division as an entity. Also, each department or team within an organization might be its own entity.
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entity Entity. A real being; existence. An organization or being that possesses separate existence for tax purposes. Examples would be corporations, partnerships, estates, and trusts. The accounting entity for which accounting statements are prepared may not be the same as the entity defined by law.n organization or being that possesses separate existence for tax purposes. Examples would be corporations, partnerships, estates, and trusts.
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legal entity legal entity. Definition. An individual or organization which is legally permitted to enter into a contract, and be sued if it fails to meet its contractual obligations.
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Groundwater flow equation This equation represents flow to a pumping well (a sink of strength G), located at the origin. Both this equation and the Cartesian version above are the fundamental equation in groundwater flow, but to arrive at this point requires considerable simplification.
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- Types of business entity. Types of companies redirects here. For other uses, see company (disambiguation). 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. Most often, business entities are formed to sell a product or a service.
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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.Early incorporated entities were established by charter (i.e. by an ad hoc act granted by a monarch or passed by a parliament or legislature). corporation is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law.
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- 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. These types of business entities are not popular (approximately 0.5% of the total number of business entities). 2  Hozyaystvennoe Partnerstvo (business partnership) is a secret entity. 3  There is no equivalent in other jurisdictions.
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Definitions &Translations Sometimes, the word entity is used in a general sense of a being, whether or not the referent has material existence, e.g., is often referred to as an entity with no corporeal form, such as a language. It is also often used to refer to ghosts and other spirits. The word entitative is the adjective form of the noun entity.
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- Depending upon the model (since a different definition is used for each model-real world and data) the term, entity, thus represents either any one of the real world things in the real world model, or any one of the generalized collections of data we gather, record, and maintain in the data model.
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Government Entity Law and Legal Definition According to 15 USCS § 6602 (3), [Title 15. Commerce and Trade; Chapter 92. Year 2000 Computer Date Change] the term government entity means “an agency, instrumentality, or other entity of Federal, State, or local government (including multijurisdictional agencies, instrumentalities, and entities).”.
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- In accounting we treat a business or an organization and its owners as two separately identifiable parties. This concept is called business entity concept. It means that personal transactions of owners are treated separately from those of the business.Businesses are organized either as a proprietorship, a partnership or a company. Under the business entity concept, only 1/3rd of the rent or $1,000 should be charged to business, because the other 2 rooms or $2,000 worth of rent is expended for personal purposes.
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entity 1. something that has a real existence; thing. 2. something that exists as a distinct, independent, or self-contained unit. 3. being or existence, esp. when considered as distinct, independent, or self-contained.