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List Of Business Entities
A BUSINESS ENTITY is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporations , cooperatives , partnerships , sole traders , limited liability company and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country
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Industrial And Provident Society
An INDUSTRIAL AND PROVIDENT SOCIETY (IPS) was a legal entity for a trading business or voluntary organisation in the United Kingdom
United Kingdom
, the Republic of Ireland
Republic of Ireland
, and New Zealand
New Zealand
. The name is still used in New Zealand, the Republic of Ireland
Republic of Ireland
and within the UK in Northern Ireland. Recent legal developments in Great Britain
Great Britain
include the Co-operative and Community Benefit Societies Act 2014 , which has renamed these societies as co-operative or community benefit societies. From 1 August 2014 a new society has had to register as either a co-operative or a community benefit society rather than, as was the case previously, a society that meets either requirement
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Community Interest Company
A COMMUNITY INTEREST COMPANY (CIC) is a type of company introduced by the United Kingdom
United Kingdom
government in 2005 under the Companies (Audit, Investigations and Community Enterprise) Act 2004 , designed for social enterprises that want to use their profits and assets for the public good. CICs are intended to be easy to set up, with all the flexibility and certainty of the company form, but with some special features to ensure they are working for the benefit of the community. They have proved popular and some 10,000 registered in the status's first 10 years
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Limited Company
In a LIMITED COMPANY, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee . The former may be further divided in public companies and private companies. Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also common for a distinction to be made between the publicly tradable companies of the plc type (for example, the German Aktiengesellschaft
Aktiengesellschaft
(AG), British PLC , Czech a.s., Italian S.p.A. and the Spanish , French , Polish , Greek and Romanian S.A. ), and the "private" types of company (such as the German GmbH , Portuguese Ltda., British Ltd., Polish sp
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Private Company Limited By Guarantee
In British and Irish company law , a COMPANY LIMITED BY GUARANTEE (LBG) is an alternative type of corporation used primarily for non-profit organisations that require legal personality . A company limited by guarantee does not usually have a share capital or shareholders , but instead has members who act as guarantors. The guarantors give an undertaking to contribute a nominal amount (typically very small) in the event of the winding up of the company. A company limited by guarantee can distribute its profits to its members, if allowed to by its articles of association , but then it would not be eligible for charitable status. Limited companies can convert to a Community Interest Company
Company
(CIC) which feature an asset lock which prevents the extraction of profits. Like a private company limited by shares , a company limited by guarantee must include the suffix "Limited" in its name, except in circumstances specifically excluded by law
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Private Company Limited By Shares
A PRIVATE COMPANY LIMITED BY SHARES is a class of private limited company incorporated under the laws of England and Wales , Scotland , certain Commonwealth countries or the Republic of Ireland
Republic of Ireland
. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company (plc). "Limited by shares" means that the liability of the shareholders to creditors of the company is limited to the capital originally invested, i.e. the nominal value of the shares and any premium paid in return for the issue of the shares by the company. A shareholder's personal assets are thus protected in the event of the company's insolvency, but any money invested in the company may be lost. A limited company may be "private" or "public"
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Charitable Incorporated Organisation
A CHARITABLE INCORPORATED ORGANISATION (CIO) is a new form of legal entity designed for non-profit organisations in the United Kingdom
United Kingdom
. The main intended benefits of the new entity are that it has legal personality , the ability to conduct business in its own name, and limited liability so that its members and trustees will not have to contribute in the event of financial loss. These are already available to limited companies ; charities can be formed as companies, but then they must be registered with both Companies House
Companies House
and the Charity Commission . In contrast, the CIO only needs to register with the Charity Commission. This is expected to reduce bureaucracy for the charity. The CIO status became available to charities in England and Wales on 4 March 2013. In Scotland, the Office of the Scottish Charity Regulator began registering SCOTTISH CHARITABLE INCORPORATED ORGANISATIONS (SCIOs) in April 2011
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European Economic Interest Grouping
A EUROPEAN ECONOMIC INTEREST GROUPING (EEIG) is a type of legal entity created on 1985-07-25 under European Community
European Community
(EC) Council Regulation 2137/85 . It is designed to make it easier for companies in different countries to do business together, or to form consortia to take part in EU programmes. Its activities must be ancillary to those of its members, and, as with a partnership , any profit or loss it makes is attributed to its members. Thus, although it is liable for VAT and employees’ social insurance , it is not liable to corporation tax . It has unlimited liability . It was based on the pre-existing French groupement d´intérêt économique (G.i.e.). Several thousand EEIGs now exist, active in fields as varied as agricultural marketing, legal advice, research and development, osteopathy, motorcycle preservation and cat-breeding. One of the more famous EEIGs is the Franco-German television channel ARTE
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Societas Europaea
A SOCIETAS EUROPAEA (Latin pronunciation: SE; Latin : European society or company; plural: SOCIETATES EUROPAEAE) is a public company registered in accordance with the corporate law of the European Union (EU), introduced in 2004 with the Council Regulation on the Statute for a European Company
Company
. Such a company may more easily transfer to, or merge with companies in, other member states . 2,525 registrations have been reported as of March 2016, including the following nine components (18%) of the Euro Stoxx 50 stock market index of leading Euro Area companies (excluding the SE designation): Airbus
Airbus
, Allianz
Allianz
, BASF , E.ON
E.ON
, Fresenius , LVMH Moët Hennessy Louis Vuitton , SAP , Schneider Electric and Unibail-Rodamco
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Societas Cooperativa Europaea
The EUROPEAN COOPERATIVE SOCIETY (SCE, for Latin
Latin
societas cooperativa Europaea) is, in company law , a European co-operative type of company , established in 2006 and related to the European Company
Company
. European Cooperative
Cooperative
Societies may be established, and may operate, throughout the European Economic Area
European Economic Area
(including the European Community ). The legal form was created to remove the need for co-operatives to establish a subsidiary in each Member State in which they operate, and to allow them to move their registered office and head office freely from one Member State to another, keeping their legal identity and without having to register or wind up any legal persons
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Societas Privata Europaea
A EUROPEAN PRIVATE COMPANY (Latin : SOCIETAS PRIVATA EUROPAEA, SPE) is a legal form for a limited liability company that is being proposed by the European Commission
European Commission
to be introduced across the European Union . It forms a company of limited liability , similar to the English limited company , the Austrian or the German GmbH , the Dutch BV , the Belgian BVBA or the French SARL . The aim of the proposal is to remove the current need for limited companies to reincorporate themselves in the corresponding legal form in all the EU member countries in which they want to trade, which represents a substantial administrative burden for small and medium enterprises . It was proposed that the SPE company form be introduced across the EU and EEA area from July 2010
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Societas Unius Personae
A SOCIETAS UNIUS PERSONAE (SUP; single-person company) is a legal form for a single-member private limited liability company proposed by the European Commission
European Commission

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Proprietary Company
A PROPRIETARY COMPANY is a form of privately held company in Australia
Australia
and South Africa
South Africa
that is either limited or unlimited . However, unlike a public company there are, depending on jurisdiction , restrictions on what it can and cannot do. In Australia, a proprietary company is defined under section 45A(1) of the Corporations Act 2001 (Cth). The Act puts certain restrictions on proprietary companies such as not permitting them to have more than 50 members (shareholders ). Another important restriction relates to fundraising . A proprietary company must not engage in fundraising that would require a disclosure document such as a prospectus , an offer information statement, or a profile statement to be issued (sec.113(3)). The Act states in which circumstances a company must issue a prospectus when attempting to raise funds
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Public Limited Company
A PUBLIC LIMITED COMPANY (legally abbreviated to PLC) is a type of public company under the United Kingdom company law , some Commonwealth jurisdictions, and the Republic of Ireland
Republic of Ireland
. It is a limited liability company whose shares may be freely sold and traded to the public (although a plc may also be privately held, often by another plc), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called publicly traded companies. Public limited companies will also have a separate legal identity. A PLC can be either an unlisted or listed company on the stock exchanges . In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name
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S Corporation
An S CORPORATION, for United States federal income tax purposes, is a closely held corporation (or, in some cases, a limited liability company (LLC) or a partnership ) that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code . In general, S corporations do not pay any income taxes . Instead, the corporation's income or losses are divided among and passed through to its shareholders. The shareholders must then report the income or loss on their own individual income tax returns
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Limited Liability Limited Partnership
The LIMITED LIABILITY LIMITED PARTNERSHIP (LLLP) is a relatively new modification of the limited partnership, a form of business entity recognized under United States commercial law . An LLLP is a limited partnership and as such consists of one or more general partners and one or more limited partners. Typically, while the general partners manage the LLLP, the limited partners' interest is purely financial. Thus, the most common use of a limited partnership is for purposes of investment, often through a number of private equity firms. Despite their lack of control over day to day operations, the limited partners may nonetheless own substantially all of the equity in the partnership. CONTENTS * 1 LLLP versus LP * 2 States with LLLP enabling statutes * 3 References * 4 External links LLLP VERSUS LPThe difference between an LLLP and a traditional limited partnership lies in the general partner's liability for the debts and obligations of the limited partnership
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