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Difference between a branch and a subsidiary?
a branch is part of the same legal entity. A subsidiary is a distinct legal entity, within a larger company structure.
Difference between accounting entity and legal entity?
The accounting entity suggests that the owners funds are kept separate from the business's, The legal entity however considers them to be the same account when seizing assets for reasons such as debt
What is the difference between a corporation and a commission?
The difference between a corporation and a commission is in their functions. A corporation if a government entity that serves the public while a commission is an investigative body set up for a particular task.
What is the major difference between a corporation and other kinds of businesses?
A corporation has a separate legal entity apart from that of the owners and workers.
What is the difference between inter-company and intra-company?
Inter company transaction is between two or more related legal entities while intra company transaction is within the same legal entity.
Difference between sole proprietorship from partnership and company?
sole proprietorship is a type of business in which only one person controls the business and manages all other activiteis of business no legal restrictions on this type of business where as partnership and company has legal entity of their own
What is the Difference between partnership organization and a corporate business organization?
There are several differences, but the main one is this. A corporation is a separate legal entity. A partnership is not.
What is the difference between direct liability and vicarious liability in legal terms?
Direct liability refers to a person or entity being held responsible for their own actions or omissions that result in harm or damages. Vicarious liability, on the other hand, holds a person or entity accountable for the actions of another person, typically an employee or agent, even if they did not directly cause the harm themselves.
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.
The difference between natural person from juridical person?
A natural person refers to a human being, while a juridical person is a legal entity such as a corporation or organization recognized by the law as having rights and duties similar to those of a natural person. Natural persons have individual rights, while juridical persons have legal personhood granted by the state.
What is the difference between Company and Corporation?
Company means those legal entity which are registered under companies act 1956 and corporation means those legal entity which are guided under the parliamentary act 1949 like LIC,FCI etc. Ganesh Khatua +919439719947
Distinguish between legal entity and accounting entity?
An accounting entity is the economic unit, the business that is being accounted for and not necessarily a legal entity (Sands J 2002). I currently manage and submit accounting reports for a business unit within the company I work for, the business unit is an accounting entity with retained earnings, assets, etc... however the business unit is not in itself a legal entity, it is a department within a legal entity.
