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An 'entity' is legal concept to define a non-person. The distinction is necessary as this NON-PERSON can perform/do 'normal' person acts such as signing contracts, holding a bank account, owning a piece of property, etc.
This NON-PERSON does not exercise free will (as a child would) but rather is steered by the interest of PERSON(s). The owner is the person(s) who are held accountable for malicious actions of the NON-PERSON, and benefit from the rewards/profit the NON-PERSON earns.
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Who is required to sign personally on a business loan?
Normally, people who own 20% or more of the borrowing entity must sign personally on the business loan. This may vary depending upon the transaction type and the ownership structure.
Does a spouse have to sign the mortgage in a non community state?
Yes, if the spouse has an ownership interest in the property.Yes, if the spouse has an ownership interest in the property.Yes, if the spouse has an ownership interest in the property.Yes, if the spouse has an ownership interest in the property.
Can you get half the equity in your house if your name is not on the deed?
No. If your name is not on the deed then you have no ownership and thus no equity.No. If your name is not on the deed then you have no ownership and thus no equity.No. If your name is not on the deed then you have no ownership and thus no equity.No. If your name is not on the deed then you have no ownership and thus no equity.
Is a partnership firm has any legal entity?
No, a partnership firm has no legal entity. Registering the partnership firm means registering the partnership relation. firm has no separate legal entity.
Is sole proprietorship a legal entity?
Yes, but it is not a separate legal entity, it is not separate from the owner, like a corporation is.
Can a forgein person or entity have full ownership of a Pemex gas staion in Mexico?
No.
Can a corporation be a shareholder of another corporation?
Yes. One legal entity can own shares in another legal entity just as an individual can have ownership.
Does the attorney client privilege extend to the successor of a client?
If the original client is a legal entity (e.g. corporation, LLC), and another person then purchases ownership of that entity, then the entity is still legally the client.
An entity that is organized according to state or federal statutes and in which ownership is divided into shares of stock is a?
corporation
What is lack of proprietary interest?
Non-Ownership in a business entity (eg. manager, employee, etc.).
Why is condominium or cooperative ownership referred to as hybrid ownership?
Condominiums and co-operatives involve ownership of real property by several owners who each own a unit and a percentage of the common areas. That concept is a hybrid of historical ownership where real property is owned by a single entity.
Is the organizer the same as the owner?
No, the organizer and the owner are typically different roles. The organizer is responsible for planning and coordinating events, meetings, or activities, while the owner is the person or entity that has ownership rights over the event or entity.
What is legal status and ownership?
Legal status refers to the standing of an entity (such as a business) in the eyes of the law, determining its rights and responsibilities. Ownership refers to the possession of an asset or property with the right to use, control, and transfer it. Legal ownership entitles the owner to legal rights and obligations associated with the asset.
What is a beneficial holder?
A Beneficial Holder is the individual, or entity, that has the true ownership interest in that which is held as opposed to the Registered Holder, in whose name title is held.
Can you hold ownership of real estate through a secondary contract without being on the deed?
NO. Ownership of real estate is evidenced by a deed recorded in the land records. If you don't want your name on the deed then you need to arrange to have the title held by another entity such as the trustee of a trust. In that case, the property would be owned by the trust.NO. Ownership of real estate is evidenced by a deed recorded in the land records. If you don't want your name on the deed then you need to arrange to have the title held by another entity such as the trustee of a trust. In that case, the property would be owned by the trust.NO. Ownership of real estate is evidenced by a deed recorded in the land records. If you don't want your name on the deed then you need to arrange to have the title held by another entity such as the trustee of a trust. In that case, the property would be owned by the trust.NO. Ownership of real estate is evidenced by a deed recorded in the land records. If you don't want your name on the deed then you need to arrange to have the title held by another entity such as the trustee of a trust. In that case, the property would be owned by the trust.
When 2 people own same land which one is entitled to it the first one that bought it?
Any person or entity listed on the title deed has ownership of the land.
What classifies a used car?
The moment someone (private person, corporation, gov't entity or anyone) besides a dealer takes ownership of a car, it becomes used. Its a legal definition.
