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Legal entity |
Also found in: Legal, Wikipedia | 0.04 sec. |
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Legal entity How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Companies generally prepare tax returns on a legal-entity basis, but financial reporting usually rolls up data from those legal entities into a consolidated set of numbers, creating potential discrepancies. Bob has made the firm's catalog of proprietary forms available online and has overseen the development of software packages that guide users through the step by step process of completing everything from divorce documents, to HUD-1 forms, to bankruptcy filings, to the formation of legal entities such as limited liability corporations. It also presumes a unitary relationship when business activities or operations among a group of legal entities are integrated with, dependent on or contribute to one another, either individually or as a group. |
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