Enum: LegalEntityTypeEnum

Legal entity types for business organizations

URI: valuesets:LegalEntityTypeEnum

Permissible Values

Value	Title	Meaning	Description	Accountability	Benefits	Brand	Certification	Complexity	Control	Duration	Eligibility	Fees	Formality	Funding	Governance	Legal Separation	Legal Status	Liability	Limited Liability	Liquidity	Management	Operating Agreement	Operations	Ownership	Partner Types	Professional Use	Profit Distribution	Purpose	Registration	Regulation	Relationship	Shareholders	Shares	Simplicity	Stock	Stock Types	Structure	System	Taxation	Transparency
SOLE_PROPRIETORSHIP	Sole Proprietorship		Business owned and operated by single individual					simplest structure								no separation from owner		unlimited personal liability											minimal requirements										pass-through to personal returns
GENERAL_PARTNERSHIP	General Partnership		Business owned by two or more partners sharing responsibilities															unlimited personal liability for all partners			shared management responsibilities			shared among general partners															pass-through to partners
LIMITED_PARTNERSHIP	Limited Partnership (LP)		Partnership with general and limited partners															general partners have unlimited liability	limited partners have liability protection		general partners manage operations				general partners and limited partners
LIMITED_LIABILITY_PARTNERSHIP	Limited Liability Partnership (LLP)		Partnership providing liability protection to all partners															limited liability for all partners			flexible management structure					often used by professional services													pass-through taxation
LIMITED_LIABILITY_COMPANY	Limited Liability Company (LLC)		Hybrid entity combining corporation and partnership features										fewer formal requirements than corporations					limited liability protection			flexible management structure																		flexible tax election options
SINGLE_MEMBER_LLC	Single Member LLC		LLC with only one owner/member															limited liability protection						single member										simpler than multi-member LLC					disregarded entity for tax purposes
MULTI_MEMBER_LLC	Multi-Member LLC		LLC with multiple owners/members															limited liability protection				recommended operating agreement		multiple members															partnership taxation by default
C_CORPORATION	C Corporation		Traditional corporation with double taxation												formal board and officer structure		separate legal entity	limited liability for shareholders																	can issue multiple classes of stock				double taxation (corporate and dividend)
S_CORPORATION	S Corporation		Corporation electing pass-through taxation								restrictions on shareholder types																					limited to 100 shareholders				single class of stock only			pass-through to shareholders
B_CORPORATION	Benefit Corporation (B-Corp)		Corporation with social and environmental mission	stakeholder governance requirements			optional third-party certification																					profit and public benefit												annual benefit reporting
PUBLIC_CORPORATION	Public Corporation		Corporation with publicly traded shares												extensive governance requirements					high share liquidity										SEC reporting requirements			publicly traded on stock exchanges
PRIVATE_CORPORATION	Private Corporation		Corporation with privately held shares																	limited share liquidity										fewer regulatory requirements		limited number of shareholders	privately held shares
NONPROFIT_CORPORATION	Nonprofit Corporation		Corporation organized for charitable or public purposes												board of directors governance												no profit distribution to members	charitable, educational, or public benefit											tax-exempt status possible
COOPERATIVE	Cooperative		Member-owned and democratically controlled organization		benefits proportional to participation				democratic member control															member ownership				mutual benefit of members
JOINT_VENTURE	Joint Venture		Temporary partnership for specific project or purpose							temporary or project-specific								depends on structure chosen						shared ownership of venture				specific business objective
HOLDING_COMPANY	Holding Company		Company that owns controlling interests in other companies						controls subsidiaries through ownership														minimal direct operations					own and control subsidiary companies									parent-subsidiary relationships
SUBSIDIARY	Subsidiary		Company controlled by another company (parent)						controlled by parent company									separate legal entity					may operate independently	majority owned by parent
FRANCHISE	Franchise		Business operating under franchisor's brand and system			operates under established brand						pays franchise fees and royalties																			franchisor-franchisee relationship							follows franchisor's business system
GOVERNMENT_ENTITY	Government Entity		Entity owned and operated by government											government funding sources										government ownership				public service or policy implementation		government regulations and oversight

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
instantiates:
- valuesets_meta:ValueSetEnumDefinition
description: Legal entity types for business organizations
title: Legal Entity Type
from_schema: https://w3id.org/linkml/valuesets
contributors:
- orcid:0000-0002-6601-2165
- https://github.com/anthropics/claude-code
status: DRAFT
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