what is the legal entity name?
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A “legal name” is the name that appears on the formation document of a corporation, LLC, LP or other statutory business entity. A business entity must select a legal name before it is formed. This is considered its original legal name.
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As a sole proprietor, by default, the legal name of your business is your own name. But you can choose operate the business under another name, known as a "fictitious business name" or "doing business as" (DBA). Most states require you to file an application for your DBA.
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In an accounting position, a domain name would fall under an intangible asset. Copyrights and patents are intangible, while tangible assets would be buildings or land (also known as property, plant, and equipment).
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Legal Entity: Identifies a recognized party with rights and responsibilities given by legislation, which has the right to own property and the responsibility to account for itself. Business Units: Performs one or many business functions that can be rolled up in a management hierarchy.
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['The Public Records Filing for New Business Entity. ... ', 'Business Name. ... ', 'Name Check and Reservation. ... ', 'Directors. ... ', 'Bylaws. ... ', 'Registered Agent.']
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Currently, a business is entitled to trade under a trading name without registering it. For example, ABC (Pty) Ltd. can trade under the name “Light Lime Media”. ... That is why many entities register their trading names as trade marks in terms of the Trade Marks Act, 1993.
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Registered Office to Receive Legal Documents A corporation is a type of business entity. ... State laws generally require the corporation to maintain a registered office. This is a physical office where the corporation will receive service of legal documents in case of a lawsuit, such as notices or service of process.
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Articles of Organization are also called a Certificate of Formation in some states. It is a document filed with the appropriate state when registering a limited liability company (LLC). An Operating Agreement is the document LLC members look to when they need to resolve issues or disputes within the company.
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A corporation forms under state law by filing a certificate of incorporation. Some states refer to this document as articles of incorporation. ... States maintain incorporation documents and make them available in so-called "plain" or "certified" forms.
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Generally speaking, there are three basic types of legal entities in which business can be conducted: (1) sole proprietorship, (2) partnership, and (3) corporation. Within each category, there are several variations.
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Check Business Names Available in Your State In most states, the website of the state business filing agency includes an online entity name check tool. You can use the online tool to search business names and find out whether another business is already using the name you have chosen.
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STATE-OWNED ENTERPRISES. SOE. Legal entity created by national, sub-national or local government, or by another authorised governmental body, to undertake commercial activities on behalf of the government owner and as such considered to be an element or part of the state.
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Your business name and trading name can be different. A trade name does not need to include LLC, Corp, or other legal endings used for your tax entity. ... The company's legal business name is McDonald's Corporation. A trade name is sometimes called a fictitious name or doing business as (DBA) name.
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A limited liability company (LLC) is a hybrid legal entity having certain characteristics of both a corporation and a partnership or sole proprietorship (depending on how many owners there are). An LLC is a type of unincorporated association distinct from a corporation.
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A business name structure does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for all debts incurred by the business. ... A company on the other hand, is a separate legal entity and provides for limited liability as well as corporate tax rates.
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Note: A corporation, limited liability company filing as a corporation or partnership, or limited partnership that is required to register with the Wisconsin Department of Financial Institutions (DFI) may change its name by writing to the Wisconsin Department of Financial Institutions, PO Box 7846, Madison, WI 53707- ...
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EIN. An Employer Identification Number (EIN) is also known as a federal tax identification number, and is used to identify a business entity. It is also used by estates and trusts which have income which is required to be reported on Form 1041, U.S. Income Tax Return for Estates and Trusts.