Entity


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Entity

A real being; existence. An organization or being that possesses separate existence for tax purposes. Examples would be corporations, partnerships, estates, and trusts. The accounting entity for which accounting statements are prepared may not be the same as the entity defined by law.

Entity includes corporation and foreign corporation; not-for-profit corporation; profit and not for-profit unincorporated association; Business Trust, estate, partnership, trust, and two or more persons having a joint or common economic interest; and state, U.S., and foreign governments.

An existence apart, such as a corporation in relation to its stockholders.

Entity includes person, estate, trust, governmental unit.

entity

n. a general term for any institution, company, corporation, partnership, government agency, university, or any other organization which is distinguished from individuals.

References in periodicals archive ?
of Canada, which was added to the Entity List, allegedly "engaged in unlawful reexports from Canada to Russia and Armenia of items subject to the EAR and controlled on the Commerce Control List (CCL) for national security reasons."
An entity that meets all of the following criteria qualifies as an IPE:
Since A is considered a separate entity (because it operates a business), has two or more members, and is not a corporation, its default classification is partnership status.
The ED defines a reporting entity as "a circumscribed area of economic activities whose financial information has the potential to be useful to existing and potential equity investors, lenders, and other creditors who cannot directly obtain the information they need in making decisions about providing resources to the entity and in assessing whether management and the governing board of that entity have made efficient and effective use of the resources provided."
* Is the income tax paid by the entity attributable to the entity or its owners?
Other assets such as art and antiques usually can be protected if the entity is the named insured.
Alliances frequently add disclaimers to their marketing materials explaining the legal separateness and independence of member firms from the umbrella entity and each other.
Also, most of these plans require the employee to retire from the governmental entity, not just change jobs.
[subsection] 1.1503-2(c)(3) and (4) currently define a separate unit of a domestic corporation as a foreign branch or an interest in a partnership, trust, or hybrid entity. Under paragraph (c)(2), the separate unit is treated as a separate domestic corporation for purposes of applying the DCL rules; any reference to a DRC also incorporates a separate unit.
The third major category of organization potentially effected by HIPAA is defined as the "Business Associate" of a Covered Entity. A Business Associate can be a person or entity who performs or assists in performance activities such as data analysis, claims processing or administration, utilization review, and quality assurance reviews.
The entity must have a process in place that allows users to state grievances, and a method of responding to those complaints.