An unincorporated entity is an organisation that has not been granted formal corporate status by incorporation.

Description

The most common and traditional unincorporated entities are sole traders, partnerships, and trustees of trusts. Modern unincorporated entities include limited partnerships (but not incorporated limited partnerships), limited liability partnerships (but not UK Limited Liability Partnerships, which are corporations), Limited liability limited partnerships, and limited liability companies. Unincorporated societies and clubs are also unincorporated entities. An unincorporated entity will generally be a separate entity for accounting purposes, but may or may not be a separate legal entity. For example, partnerships in England and Scotland are separate entities for accounting purposes, but while English partnerships are not separate legal entities, in Scotland they are separate legal persons. (but are not regarded as corporations).

Australia

In Australian law, incorporation occurs under the '' Corporations Act 2001'', and includes: * a branch of an overseas company not incorporated in Australia (often the name ends in corporation) * incorporated associations which are incorporated under an Act of one of the

States and territories of Australia The states and territories are the national subdivisions and second level of government of Australia. The states are partially sovereignty, sovereign, administrative divisions that are autonomous administrative division, self-governing polity, ...

, and * incorporated charitable institutions. * people grouped together by a common purpose with club-like characteristics, for example, a sporting club, social club or

trade union A trade union (British English) or labor union (American English), often simply referred to as a union, is an organization of workers whose purpose is to maintain or improve the conditions of their employment, such as attaining better wages ...

. * It does not include

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

India

In Indian law, an unincorporated company means any partnership firm whether registered or not under Indian Partnership Act, 1932, whose number of partners exceed 20 and exceed 10 in case of a banking business. Such unincorporated company is also known as an illegal association. It does not include an HUF.

References

{{DEFAULTSORT:Unincorporated Entity Types of organization