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can you like answer d question and let pple dat need the answer learn from it... instead of hiding d answers....
Separate Legal Entity Where companies are/have/can: - Different from its member, directors - Limited Liability - Sue or be sued - Own assets - Enter Contracts - Commit crimes (pollute)
What else can I help you with?
What does pa stand for after a doctors name?
It's a legal term to describe a separate legal entity - Professional Association. It's a form of incorporating a group of professionals, such as physicians, or dentists, or attorneys, or accountants to allow the individuals protection from lawsuits.
What does corperate mean?
"Corporate" refers to anything related to a corporation, which is a legal entity that is separate from its owners and can conduct business, enter contracts, and own assets. It often pertains to the structure, operations, culture, or activities of businesses, especially large organizations. The term can also describe a style or approach that emphasizes professionalism and uniformity, often seen in corporate branding and communication.
What does the term "co" signify in a business name?
The term "co" in a business name typically signifies that the company is a corporation or a partnership. It is short for "company" and is often used to indicate that the business is a separate legal entity.
What does PA mean in a doctor's name?
It's a legal term to describe a separate legal entity - Professional Association. It's a form of incorporating a group of professionals, such as physicians, or dentists, or attorneys, or accountants to allow the individuals protection from lawsuits.
What is the meaning of financial entity?
A financial entity is a legal/financial term. It refers to a legally created person as opposed to a natural person.
Term accountants use to describe the separation of personal and business records?
Separate Entity Assumption
Is take over and acquisition the same?
In a general sense, mergers and takeovers (or acquisitions) are very similar corporate actions - they combine two previously separate firms into a single legal entity. Significant operational advantages can be obtained when two firms are combined and, in fact, the goal of most mergers and acquisitions is to improve company performance and shareholder value over the long-term.
Explain the term entity?
1 a : being, existence; especially :independent, separate, or self-contained existence
The difference between incorporated and unincorporated business?
The term incorporated refers to the process companies go through to become a separate legal entity from the owner/s. This means the business exists in its own right, its own legal entity. Regardless of what happens to individual owners (shareholders) of the company, the business continues to operate. The business has taken on a life of its own.An unincorporated business is a sole trader or partnership where the business entity and the owner are one and the same. When the owner dies then so too does the business entity.
What is a corporate trustee?
A corporate trustee is exactly what the term implies: A trustee that is a corporation rather than a person. Although it will vary from state to state depending on that state's laws, a trustee may be any type of recognized legal entity such as a person or corporation. Sometimes corporations such as banks are made trustees of large trusts to take advantage of their expertise in investing and handling assets. Such a trustee will be referred to as a corporate trustee.
What does the term "authorized representative" refer to in legal contexts?
In legal contexts, the term "authorized representative" refers to a person or entity who has been given the legal authority to act on behalf of another individual or organization. This can include making decisions, signing documents, or representing them in legal matters.
What does the term "issuing authority" mean in the context of legal documents?
The term "issuing authority" in legal documents refers to the organization or entity that has the power to create and issue the document. This authority is responsible for ensuring the document's authenticity and validity.
