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Enum: LegalEntityTypeEnum

Legal entity types for business organizations

URI: valuesets:LegalEntityTypeEnum

Permissible Values

Value Meaning Description
SOLE_PROPRIETORSHIP None Business owned and operated by single individual
GENERAL_PARTNERSHIP None Business owned by two or more partners sharing responsibilities
LIMITED_PARTNERSHIP None Partnership with general and limited partners
LIMITED_LIABILITY_PARTNERSHIP None Partnership providing liability protection to all partners
LIMITED_LIABILITY_COMPANY None Hybrid entity combining corporation and partnership features
SINGLE_MEMBER_LLC None LLC with only one owner/member
MULTI_MEMBER_LLC None LLC with multiple owners/members
C_CORPORATION None Traditional corporation with double taxation
S_CORPORATION None Corporation electing pass-through taxation
B_CORPORATION None Corporation with social and environmental mission
PUBLIC_CORPORATION None Corporation with publicly traded shares
PRIVATE_CORPORATION None Corporation with privately held shares
NONPROFIT_CORPORATION None Corporation organized for charitable or public purposes
COOPERATIVE None Member-owned and democratically controlled organization
JOINT_VENTURE None Temporary partnership for specific project or purpose
HOLDING_COMPANY None Company that owns controlling interests in other companies
SUBSIDIARY None Company controlled by another company (parent)
FRANCHISE None Business operating under franchisor's brand and system
GOVERNMENT_ENTITY None Entity owned and operated by government

Slots

Name Description
legal_entity_type Legal structure of business entity

Identifier and Mapping Information

Schema Source

  • from schema: https://w3id.org/linkml/valuesets

LinkML Source

name: LegalEntityTypeEnum
description: Legal entity types for business organizations
from_schema: https://w3id.org/linkml/valuesets
rank: 1000
permissible_values:
  SOLE_PROPRIETORSHIP:
    text: SOLE_PROPRIETORSHIP
    description: Business owned and operated by single individual
    annotations:
      legal_separation:
        tag: legal_separation
        value: no separation from owner
      liability:
        tag: liability
        value: unlimited personal liability
      taxation:
        tag: taxation
        value: pass-through to personal returns
      complexity:
        tag: complexity
        value: simplest structure
      registration:
        tag: registration
        value: minimal requirements
    title: Sole Proprietorship
  GENERAL_PARTNERSHIP:
    text: GENERAL_PARTNERSHIP
    description: Business owned by two or more partners sharing responsibilities
    annotations:
      ownership:
        tag: ownership
        value: shared among general partners
      liability:
        tag: liability
        value: unlimited personal liability for all partners
      taxation:
        tag: taxation
        value: pass-through to partners
      management:
        tag: management
        value: shared management responsibilities
    title: General Partnership
  LIMITED_PARTNERSHIP:
    text: LIMITED_PARTNERSHIP
    description: Partnership with general and limited partners
    annotations:
      partner_types:
        tag: partner_types
        value: general partners and limited partners
      liability:
        tag: liability
        value: general partners have unlimited liability
      limited_liability:
        tag: limited_liability
        value: limited partners have liability protection
      management:
        tag: management
        value: general partners manage operations
    title: Limited Partnership (LP)
  LIMITED_LIABILITY_PARTNERSHIP:
    text: LIMITED_LIABILITY_PARTNERSHIP
    description: Partnership providing liability protection to all partners
    annotations:
      liability:
        tag: liability
        value: limited liability for all partners
      professional_use:
        tag: professional_use
        value: often used by professional services
      taxation:
        tag: taxation
        value: pass-through taxation
      management:
        tag: management
        value: flexible management structure
    title: Limited Liability Partnership (LLP)
  LIMITED_LIABILITY_COMPANY:
    text: LIMITED_LIABILITY_COMPANY
    description: Hybrid entity combining corporation and partnership features
    annotations:
      liability:
        tag: liability
        value: limited liability protection
      taxation:
        tag: taxation
        value: flexible tax election options
      management:
        tag: management
        value: flexible management structure
      formality:
        tag: formality
        value: fewer formal requirements than corporations
    title: Limited Liability Company (LLC)
  SINGLE_MEMBER_LLC:
    text: SINGLE_MEMBER_LLC
    description: LLC with only one owner/member
    annotations:
      ownership:
        tag: ownership
        value: single member
      liability:
        tag: liability
        value: limited liability protection
      taxation:
        tag: taxation
        value: disregarded entity for tax purposes
      simplicity:
        tag: simplicity
        value: simpler than multi-member LLC
    title: Single Member LLC
  MULTI_MEMBER_LLC:
    text: MULTI_MEMBER_LLC
    description: LLC with multiple owners/members
    annotations:
      ownership:
        tag: ownership
        value: multiple members
      liability:
        tag: liability
        value: limited liability protection
      taxation:
        tag: taxation
        value: partnership taxation by default
      operating_agreement:
        tag: operating_agreement
        value: recommended operating agreement
    title: Multi-Member LLC
  C_CORPORATION:
    text: C_CORPORATION
    description: Traditional corporation with double taxation
    annotations:
      legal_status:
        tag: legal_status
        value: separate legal entity
      liability:
        tag: liability
        value: limited liability for shareholders
      taxation:
        tag: taxation
        value: double taxation (corporate and dividend)
      governance:
        tag: governance
        value: formal board and officer structure
      stock:
        tag: stock
        value: can issue multiple classes of stock
    title: C Corporation
  S_CORPORATION:
    text: S_CORPORATION
    description: Corporation electing pass-through taxation
    annotations:
      taxation:
        tag: taxation
        value: pass-through to shareholders
      shareholders:
        tag: shareholders
        value: limited to 100 shareholders
      stock_types:
        tag: stock_types
        value: single class of stock only
      eligibility:
        tag: eligibility
        value: restrictions on shareholder types
    title: S Corporation
  B_CORPORATION:
    text: B_CORPORATION
    description: Corporation with social and environmental mission
    annotations:
      purpose:
        tag: purpose
        value: profit and public benefit
      accountability:
        tag: accountability
        value: stakeholder governance requirements
      transparency:
        tag: transparency
        value: annual benefit reporting
      certification:
        tag: certification
        value: optional third-party certification
    title: Benefit Corporation (B-Corp)
  PUBLIC_CORPORATION:
    text: PUBLIC_CORPORATION
    description: Corporation with publicly traded shares
    annotations:
      shares:
        tag: shares
        value: publicly traded on stock exchanges
      regulation:
        tag: regulation
        value: SEC reporting requirements
      governance:
        tag: governance
        value: extensive governance requirements
      liquidity:
        tag: liquidity
        value: high share liquidity
    title: Public Corporation
  PRIVATE_CORPORATION:
    text: PRIVATE_CORPORATION
    description: Corporation with privately held shares
    annotations:
      shares:
        tag: shares
        value: privately held shares
      shareholders:
        tag: shareholders
        value: limited number of shareholders
      regulation:
        tag: regulation
        value: fewer regulatory requirements
      liquidity:
        tag: liquidity
        value: limited share liquidity
    title: Private Corporation
  NONPROFIT_CORPORATION:
    text: NONPROFIT_CORPORATION
    description: Corporation organized for charitable or public purposes
    annotations:
      purpose:
        tag: purpose
        value: charitable, educational, or public benefit
      taxation:
        tag: taxation
        value: tax-exempt status possible
      profit_distribution:
        tag: profit_distribution
        value: no profit distribution to members
      governance:
        tag: governance
        value: board of directors governance
    title: Nonprofit Corporation
  COOPERATIVE:
    text: COOPERATIVE
    description: Member-owned and democratically controlled organization
    annotations:
      ownership:
        tag: ownership
        value: member ownership
      control:
        tag: control
        value: democratic member control
      benefits:
        tag: benefits
        value: benefits proportional to participation
      purpose:
        tag: purpose
        value: mutual benefit of members
    title: Cooperative
  JOINT_VENTURE:
    text: JOINT_VENTURE
    description: Temporary partnership for specific project or purpose
    annotations:
      duration:
        tag: duration
        value: temporary or project-specific
      purpose:
        tag: purpose
        value: specific business objective
      ownership:
        tag: ownership
        value: shared ownership of venture
      liability:
        tag: liability
        value: depends on structure chosen
    title: Joint Venture
  HOLDING_COMPANY:
    text: HOLDING_COMPANY
    description: Company that owns controlling interests in other companies
    annotations:
      purpose:
        tag: purpose
        value: own and control subsidiary companies
      operations:
        tag: operations
        value: minimal direct operations
      structure:
        tag: structure
        value: parent-subsidiary relationships
      control:
        tag: control
        value: controls subsidiaries through ownership
    title: Holding Company
  SUBSIDIARY:
    text: SUBSIDIARY
    description: Company controlled by another company (parent)
    annotations:
      control:
        tag: control
        value: controlled by parent company
      ownership:
        tag: ownership
        value: majority owned by parent
      operations:
        tag: operations
        value: may operate independently
      liability:
        tag: liability
        value: separate legal entity
    title: Subsidiary
  FRANCHISE:
    text: FRANCHISE
    description: Business operating under franchisor's brand and system
    annotations:
      relationship:
        tag: relationship
        value: franchisor-franchisee relationship
      brand:
        tag: brand
        value: operates under established brand
      system:
        tag: system
        value: follows franchisor's business system
      fees:
        tag: fees
        value: pays franchise fees and royalties
    title: Franchise
  GOVERNMENT_ENTITY:
    text: GOVERNMENT_ENTITY
    description: Entity owned and operated by government
    annotations:
      ownership:
        tag: ownership
        value: government ownership
      purpose:
        tag: purpose
        value: public service or policy implementation
      regulation:
        tag: regulation
        value: government regulations and oversight
      funding:
        tag: funding
        value: government funding sources
    title: Government Entity