These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities.
[4] There are three main types of business entity in Brunei, namely sole proprietorship, partnership, and company.
The word or expression "Limited", Limitée, "Incorporated", Incorporée, "Corporation" or Société par actions de régime fédéral or the corresponding abbreviation "Ltd.", Ltée, "Inc.", "Corp." or S.A.R.F.
≈ Ltd. or Plc (UK) As an exception, entities registered prior to 1985 may continue to be designated Société commerciale canadienne or by the abbreviation S.C.C.
Unlimited liability corporations can be formed in Alberta "AULC", British Columbia "BCULC"[13] and Nova Scotia "NSULC".
The aforementioned unlimited liability corporations are generally not used as operating business structures, but are instead used to create favorable tax positions for either Americans investing in Canada or vice versa.
Rather, Canadian businesses are generally formed under one of the following structures: Companies include two types, Other than companies, ordinary firms include other two types: (See also Partnership (China)) See also help.gv.at Archived 2015-12-26 at the Wayback Machine (Austrian government site, in German) Dutch, French or German names may be used.
Types of legal person business entities:[22] Types of natural person business entities: Non-profit: The abbreviations are usually in Finnish, but Swedish names may also be used either as is or in combination with Finnish, e.g. Oy Yritys Ab.
The usage of the equivalent terms in the Polish legal system may often be confusing because each of them has several different definitions for various purposes.
As of January 2021, there are at least thirteen different definitions of entrepreneur/undertaking, enshrined in the following acts: Przedsiębiorstwo ('enterprise') is defined in the Civil Code as an organized complex of material and non-material components designated to perform economic activity.
As of January 2021, there are at least six different definitions of economic activity, enshrined in the following acts: Except for the spółki osobowe (partnerships), all are juridical persons.
[64] From business perspective spółki z ograniczoną odpowiedzialnością (limited liability companies) are the most popular forms of legal entities in Poland as approx.
[65] All the following types are juridical persons: In addition, any juridical persons or other legal entities (including those originally or otherwise exempt from the registration in the KRS – see below) also have to register, if they apply for and obtain the status of an officially recognized charity (organizacja pożytku publicznego = public benefit organization), when eligible; however, as an exception, registration solely for that purpose neither confers juridical personality to entities lacking one, nor does it create obligation or right to register as an entrepreneur.
Certain types of juridical persons or other collective legal entities which have been established otherwise than by registration in the KRS, may in few situations be authorized by law to perform business activity (sometimes of a limited scope and/or scale, along with their main, often non-commercial or not-for-profit activity), despite remaining excluded and exempt from the obligation to register in the KRS, but are still obligated (except for the State Treasury as a whole) to obtain NIP and REGON numbers by registering in the relevant registers, and are usually still subject to the general taxation rules (including VAT); examples of such situations include: Some of the abovementioned types of entities (e.g. hunting clubs, church entities), other than the state or self-governmental ones, may nevertheless be subject to registration in the KRS exclusively for the purpose of official recognition as a charity (public benefit organization – see above), if they are eligible for, apply for and obtain such.
Societăți comerciale, abbreviated SC (Companies): limited liability company "societate cu raspundere limitata" (SRL); [74] Most of the legal entity types are regulated in a modified version of the original version of the Dutch Burgerlijk Wetboek.
This form is a little bit specific and was created for companies that are domiciled registered in other countries and have its part in Montenegro.
The Commercial Code establishes the following types of companies: There are three main forms of business: (a) Sole Proprietorship (b) Partnership (c) Company In a sole proprietorship, an individual on his/her own account carries out the business or profession.
According to the Civil Code of Russian Federation the following corporate entities may be created:[87]: Part 1 Joint-stock companies:[87]: Part 1 These are less common: Private Limited Company, Sole Proprietorship and Partnership are the predominant types of business found in Singapore.
A further way to classify an entity is whether it is a for-profit or nonprofit enterprise, each classification with its own taxonomy and implications on federal income tax law.
For example, for federal tax purposes, a sole-member LLC (SMLLC) is disregarded, so that all its assets and liabilities are treated as owned by its single member.
But under state law, an SMLLC can contract in its own name and its owner is generally not personally liable for the debts and obligations of the entity.
For example, section 501(c)(10) includes "domestic fraternal societies, orders, or associations, operating under the lodge system," while section 501(c)(6) includes "business leagues, chambers of commerce, real-estate boards, boards of trade, or professional football leagues" under certain circumstances.
Any type of nonprofit entity existing on the state level will be regarded as a 527 if it substantially engages in political activity.
Of the few types of companies that may exist under a federally issued charter, the bulk are banks, credit unions, and similar depository institutions.
The following are the entity structures that can be created without licensure by a state government, or in other words are "unincorporated": To determine whether a general partnership exists courts analyze a few factors: (1) intention of the parties, (2) sharing of profits and losses (3) joint administration and control of business operation, (4) capital investment by each partner, and (5) common ownership of property.