Legal Form Category Technical Key (CDQ.POOL)
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| Name Name of a concept, e.g. a data model concept. In contrast to terms, the name does not depend on a given context, e.g. a country-specific language. | Legal Form Category Technical Key |
|---|---|
| Description Informal and comprehensive human-readable definition of a concept. | Technical key of a legal form category. |
| Example A simple example supporting the understanding of a concept, business rule, etc. | no example available |
| Part of Hierarchical relation between two concepts of the CDQ Data Model. | Data source CDQ.POOL |
| Technical key Defines a unique key by which e.g. data model concepts can be referenced in a technical integration context. These keys are unique in the CDL context. | LEGAL_FORM_CATEGORY_TECHNICAL_KEY
|
| Parent concept Hierarchical relation between two concepts of a data model, e.g., the CDQ Data Model. | Legal Form Category (CDQ.POOL) |
| Cardinality Cardinality of data model concepts.<br/><code>ZERO_OR_ONE</code>: Optional, but max. 1 instance related to its parent.<br/><code>EXACTLY_ONE</code>: Exactly 1 instance related to its parent.<br/><code>ZERO_OR_MORE</code>: Optional, multiple instances related to its parent may exist.<br/><code>ONE_OR_MORE</code>: Mandatory, multiple instances related to its parent may exist. | ZERO_OR_ONE
|
| Data type Data type of a data model concept, i.e., <code>ARRAY</code>, <code>BOOLEAN</code>, <code>DATE</code>, <code>ENUM</code>, <code>INTEGER</code>, <code>OBJECT</code>, or <code>STRING</code>. | STRING
|
| Concept type Complex data type of a data model concept, defined by another data model concept. Allows re-use of data type concepts, e.g. for several address types in a data model. | SELF |
| Path JSON Path to identify attributes in a data item. | legalForm.categories[0].technicalKey
|
| Concept role The role of a Category:Data model concept in the tree structure of a data model.<br/><code>ROOT</code>: Root concept in a data model, i.e., no parent concepts.<br/><code>NODE</code>: Structure concepts in a data model, i.e., parent and child concepts.<br/><code>LEAF</code>: Leaf concept in a data model, i.e., no child concepts, provides the effective data values.<br/> | LEAF
|
| Mapping |
mapping source: CompanyLegalFormCode (SAP.ODM), mapping: SAP.ODM |
Values
| Value | Description | Technical key |
|---|---|---|
| LF001 Corporation (CDQ) | A corporation is a legal entity that is separate and distinct from its owners, known as shareholders. It has its own rights, privileges, and liabilities apart from the individuals who form it. Corporations can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes. Its shareholders are not personally liable for corporate debts. | LF001 |
| LF002 Public Limited Company (CDQ) | A public limited company is a type of corporate structure where shares can be sold to the public, often through a stock exchange. PLCs have limited liability, meaning shareholders' financial responsibility is confined to their investment. They're subject to specific regulatory requirements, including minimum capital levels. | LF002 |
| LF003 Private Company Limited by Shares (CDQ) | A private limited company by shares is a privately-held business entity. Its shares are not available to the general public, but owned by a select group such as founders or private investors. Shareholders' liability is limited to their investment, providing protection against the company's debts or liabilities. | LF003 |
| LF004 Limited Partnership (CDQ) | A limited partnership is a business structure that consists of at least one general partner, who assumes unlimited liability, and one or more limited partners, who are only liable up to the amount they invest. While general partners manage the business, limited partners typically do not participate in management. | LF004 |
| LF005 Ltd. Liability Co. & Co. Ltd. Partners. (CDQ) | A public limited company and company limited partnership represents a business structure that includes a Public Limited Company, offering shares to the public with limited liability, and a Limited Partnership, having at least one general partner with unlimited liability and limited partners whose liability extends only up to their investment. This entity structure typically signifies a collaborative arrangement between the two. | LF005 |
| LF006 General Partnership (CDQ) | A general partnership is a business structure where two or more individuals share ownership. Each partner contributes to all aspects of the business, including money, property, labor, or skill. In return, each partner shares in the profits and losses of the business. Liability is unlimited and jointly shared among partners. | LF006 |
| LF007 Private Limited Company (CDQ) | A private company is a business entity owned by a small group of people such as its founders, a group of private investors, or a family. The shares of a private company are not available to the general public to buy or sell, and the owners' liability is typically limited to their investment. | LF007 |
| LF008 Limited Company (CDQ) | Company limited denotes a privately-held business entity. Its shareholders are liable for the company's debts only up to the extent of their investment. Shares are not available for purchase by the general public, maintaining control within a specified group of shareholders. This structure protects personal assets against business risks and liabilities. | LF008 |
| LF100 Agricultural Collective Interest Company (CDQ) | This is a unique organizational structure for agricultural businesses where farmers or agricultural professionals come together to pool resources, share knowledge, and collaborate. It allows them to collectively market their products, negotiate better prices for supplies, and cooperate in ways that improve their operational efficiency and profitability. | LF100 |
| LF101 Association Global Data Packet (CDQ) | This is an innovative concept that represents a digital means of sharing and transferring information between members of an association. It's likely used in the context of digital platforms and networks where the 'global data packet' refers to the set of data shared among the group. | LF101 |
| LF102 Association with Shares (CDQ) | This is a type of organization where membership rights are based on share ownership. Members hold shares that represent their stakes in the organization. It's similar to a corporation but is typically used for non-profit associations. | LF102 |
| LF103 Bank (CDQ) | A bank is a licensed financial institution that accepts deposits, lends money, and offers related services like wealth management and financial advising. Banks can be commercial (serving the public) or investment-focused (dealing in securities and investments). They play a crucial role in the economy by facilitating financial transactions and providing capital for businesses. | LF103 |
| LF104 Civil Company (CDQ) | A Civil Company is often formed for non-commercial purposes. This legal form is typically used by professionals such as lawyers, accountants, or doctors who join together to provide services. Each partner is generally responsible for their own actions and the actions of others in the firm. | LF104 |
| LF105 Civil Law Partnership (CDQ) | A Civil Law Partnership is an agreement between two or more parties to pool resources in a business. In this structure, partners equally share profits, losses, and control of the business, and each partner is personally liable for the debt and obligations of the partnership. | LF105 |
| LF106 Civil Society (CDQ) | A Civil Society refers to the collective of non-governmental organizations, institutions, and individuals that manifest the interests and will of citizens. It includes clubs, unions, non-profit organizations, and other entities that are formed voluntarily by members of society. | LF106 |
| LF107 Collective Name Company (CDQ) | A collective name company, often seen in certain jurisdictions, operates under a collective name rather than the individual names of the partners. These companies engage in commercial activities, with partners bearing joint liability for the company's obligations. | LF107 |
| LF108 Commandite Partnership (CDQ) | In a commandite partnership, there are two types of partners: active or general partners who manage the business and have unlimited liability, and passive or limited partners who invest capital but do not participate in management and have their liability limited to their investment. | LF108 |
| LF109 Commercial Corporation (CDQ) | A Commercial Corporation is a type of business organization that is legally separate from its owners. It's designed to earn profit for its owners, namely the shareholders, and it has the legal rights of an individual person, separate from those who own and manage it. | LF109 |
| LF110 Company Limited by Guarantee (CDQ) | This is a type of organization where members act as guarantors rather than shareholders. The members commit to a predetermined amount (guarantee) to cover the company's liabilities. It's commonly used for charities, clubs, and other non-profit organizations. | LF110 |
| LF111 Consortium (CDQ) | A consortium is a group of two or more individuals, businesses, governments, or any combination thereof, that pool resources to achieve a common objective. Consortiums are often formed in industries that require large investments such as energy, infrastructure, or technology projects. | LF111 |
| LF112 Consulate (CDQ) | A consulate is a representation of the public administration of a country in a foreign city. The consul of that city is responsible for safeguarding the citizens of the consul's own country in the host country, supporting them in legal and administrative issues. | LF112 |
| LF113 Co-operative Partnership (CDQ) | A co-operative partnership is a business owned and run by and for its members. Whether the members are the customers, employees, or residents, they have an equal say in what the business does, and a share in the profits. | LF113 |
| LF114 De-facto Partnership (CDQ) | A de-facto partnership is a relationship between two or more entities that, despite not being legally recognized as a partnership, operates and functions as one. This often happens when entities conduct business together over a period of time without formally establishing a partnership. | LF114 |
| LF115 Domestic and Foreign Cooperative Venture (CDQ) | This term likely refers to a joint venture involving both domestic and foreign companies. Joint ventures can be established for a variety of reasons, such as entering new markets, pooling resources for large projects, or sharing risk. | LF115 |
| LF116 Economic Association (CDQ) | An Economic Association is a group of individuals or entities that join together for the purpose of conducting economic activities. These activities might be related to production, consumption, or trade. The specifics of the arrangement are typically laid out in a contract or charter. | LF116 |
| LF117 Economic Interest Group (CDQ) | An Economic Interest Group, also known as an interest group or pressure group, is an organized association that aims to influence the decisions, policies, or actions of governments or other authorities, typically to benefit its members or a specific cause they support. | LF117 |
| LF118 Estate (CDQ) | An estate refers to all of the money and property owned by a particular person, especially at death. In law, it's the net worth of a person at any point in time, alive or dead. It is the sum of a person's assets - legal rights, interests and entitlements to property of any kind - less all liabilities at that time. | LF118 |
| LF119 European Company Group (CDQ) | This is a group of companies operating in multiple European countries, often under a unified management structure. It could also refer to a Societas Europaea, a public company that can operate seamlessly across the EU due to an integrated legal framework. | LF119 |
| LF120 Financial Institution (CDQ) | Financial institutions are corporations which provide services as intermediaries of financial markets. They are responsible for transferring funds from investors to companies in need of those funds. Financial institutions include banks, credit unions, insurance companies, pension funds, investment dealers, and more. | LF120 |
| LF121 Foreign Company (CDQ) | A Foreign Company is a company that is incorporated in one jurisdiction, but is registered to do business in another jurisdiction. This company operates in a country different from the one where it was originally established. | LF121 |
| LF122 Foundation Global Data Packet (CDQ) | Similar to the Association Global Data Packet, a Foundation Global Data Packet would be a digital means of sharing and transferring information within the context of foundations. The 'global data packet' likely refers to the set of data shared among the group. | LF122 |
| LF123 Friendly Society (CDQ) | A friendly society is a mutual association for the purposes of insurance, pensions, savings, or cooperative banking. It is a mutual organization or benefit society composed of a body of people who join together for a common financial or social purpose. | LF123 |
| LF124 Government Agency (CDQ) | A Government Agency is a permanent or semi-permanent organization in the machinery of government responsible for the oversight and administration of specific functions, such as health care, education, or agriculture. They can be established by either a national government or a state government within a federal system. | LF124 |
| LF125 Government Authority (CDQ) | A Government Authority is a specific type of government entity that has been granted powers to enforce the law, and ensure that the laws and regulations are observed. They are responsible for a specific type of public policy, and have the power to enforce laws to regulate that policy. | LF125 |
| LF126 Government Body (CDQ) | A Government Body is an organizational unit that has been established by law or by the authority of law to carry out specific public functions. This could include legislative bodies, executive or administrative agencies, courts, and others. | LF126 |
| LF127 Government Owned Company (CDQ) | A company or corporation owned and controlled by the government. The government holds the majority of shares and has authority over major decisions. These companies are established in various sectors and industries and operate under government regulations and oversight. Examples include Petrobras, Gazprom, and Saudi Aramco. | LF127 |
| LF128 Housing Co-operative (CDQ) | A cooperative organization where members collectively own and manage residential properties. Members share responsibilities and decision-making regarding maintenance and operation of the housing units. Housing co-operatives provide an alternative to traditional homeownership and often emphasize community engagement and democratic decision-making among the residents. | LF128 |
| LF129 Independent Entity (CDQ) | An organization operating autonomously without control or influence from another entity. It has its own governance structure, decision-making processes, and legal responsibilities. Independent entities may exist in various sectors, including business, education, and nonprofit, and they have the flexibility to define their own strategic direction and operational policies. | LF129 |
| LF130 Institution (CDQ) | A formal organization established to perform specific functions or provide particular services. Institutions often serve essential roles in society, such as education, research, healthcare, and finance. They have defined structures, rules, and procedures to fulfill their mandates and are governed by boards or trustees. Examples include universities, hospitals, and banks. | LF130 |
| LF131 Insurance Company (CDQ) | A company that provides insurance coverage to individuals or businesses in exchange for premiums. Insurance companies assess risks, calculate premiums, and offer policies that provide financial protection against potential losses or damages. They play a crucial role in managing and mitigating risks across various sectors, including life, health, property, and liability insurance. | LF131 |
| LF132 International Organization (CDQ) | An organization composed of multiple member countries or states that collaborate to address common issues, promote cooperation, and pursue shared goals. International organizations operate at the global or regional level and serve as platforms for diplomatic dialogue, policy coordination, and collective action on matters such as peacekeeping, human rights, trade, and environmental conservation. | LF132 |
| LF133 Investment Company (CDQ) | A company that pools funds from investors and invests them in various financial instruments to achieve returns. Investment companies, such as mutual funds or exchange-traded funds (ETFs), are managed by professionals who make investment decisions on behalf of the investors. They provide individuals and institutions with diversified investment opportunities and access to professional asset management. | LF133 |
| LF134 Joint Shipping Company (CDQ) | A company formed through a partnership or joint venture between multiple entities to operate in the shipping industry. Joint shipping companies pool their resources, vessels, and expertise to provide shipping services, manage logistics, and transport goods internationally or domestically. They enable collaboration among stakeholders in a capital-intensive industry to optimize operational efficiency and meet customer demands. | LF134 |
| LF135 Joint Stock Company (CDQ) | A company where ownership is divided into shares, and shareholders have limited liability. Joint stock companies issue shares to raise capital and allow for the transfer of ownership interests. Shareholders participate in the profits, typically through dividends, and exercise voting rights in major decisions. Joint stock companies provide a flexible and scalable structure for business operations, growth, and ownership succession. | LF135 |
| LF136 Joint Venture (CDQ) | A business arrangement where two or more independent entities form a new entity by pooling their resources and expertise. Joint ventures are established to pursue specific projects or ventures that require combined capabilities, shared risks, and joint investments. They enable participants to leverage each other's strengths, access new markets, and achieve mutual objectives while maintaining their separate legal identities. | LF136 |
| LF137 Limited Cooperative Company (CDQ) | A cooperative company that combines elements of a cooperative and a limited liability company. It provides limited liability for its members and operates with ownership structures similar to a cooperative. This type of company allows for collective decision-making while providing a level of protection for its members' personal assets. | LF137 |
| LF138 Limited Co-operative Society (CDQ) | A cooperative society in which the liability of its members is limited to the amount of their capital contribution. This structure provides a level of protection for members' personal assets beyond their capital investment. It allows for participation in cooperative activities while reducing personal liability for the obligations of the society. | LF138 |
| LF139 Limited Liability & Partnership (CDQ) | A partnership structure that offers limited liability to partners. In this type of partnership, at least one partner has unlimited liability while the liability of other partners is limited to their investment in the partnership. It combines the benefits of a limited liability company with the flexibility and shared decision-making of a partnership. | LF139 |
| LF140 Limited Liability Company (CDQ) | A legal entity that combines the limited liability protection of a corporation with the flexibility of management and tax benefits of a partnership. LLCs provide personal liability protection to their owners (members) while allowing for pass-through taxation. They are commonly used for small businesses and startups. | LF140 |
| LF141 Limited Partnership with Shares (CDQ) | A partnership structure that includes two types of partners: general partners with unlimited liability and limited partners whose liability is limited to the extent of their investment in the partnership. It allows for the division of ownership interests and responsibilities among partners, providing a blend of active and passive participation. | LF141 |
| LF142 Mortgage Association (CDQ) | An organization established to provide mortgage loans to individuals and businesses. These associations are often created by financial institutions and play a role in facilitating lending activities in the real estate market. They may offer various mortgage products and services, contributing to the functioning of the mortgage industry. | LF142 |
| LF143 Mutual Company (CDQ) | A company owned by its policyholders, who share in the company's profits and elect the board of directors. Mutual companies operate for the benefit of their policyholders, and their primary goal is to serve policyholder interests rather than maximizing profits for shareholders. They are often found in the insurance industry. | LF143 |
| LF144 Mutual Insurance Society (CDQ) | An insurance organization owned by its policyholders, who collectively share the risks and benefits of the insurance policies issued by the society. Policyholders participate in decision-making processes and may receive dividends or other benefits based on their participation and the overall performance of the society. | LF144 |
| LF145 Non Profit Association (CDQ) | A membership-based organization formed for a specific social, cultural, or charitable purpose. Non-profit associations operate without the primary goal of making a profit for their members or owners. They often focus on advocacy, community service, professional interests, or advancing a particular cause, providing services to their members or the wider public. | LF145 |
| LF146 Partnership (CDQ) | A legal form of business where two or more individuals or entities join forces to carry out a business venture. Partners share in the profits, losses, and decision-making of the partnership based on the terms outlined in a partnership agreement. Partnerships can be formed with varying degrees of liability and management structures, such as general partnerships or limited partnerships. | LF146 |
| LF147 Political Entity (CDQ) | An organization or entity that represents a political group, such as a political party or government entity, involved in governance and political decision-making. Political entities participate in electoral processes, formulate policies, and exercise authority in shaping public affairs and public policies. They play a vital role in democratic systems and policy development at various levels, from local to national and international. | LF147 |
| LF148 Private Firm (CDQ) | A business organization owned and operated by private individuals or entities, rather than the government or public shareholders. Private firms are typically driven by profit motives and operate in various industries, offering goods or services to the market. They have autonomy in decision-making and are subject to applicable laws and regulations governing their operations and industry-specific requirements. | LF148 |
| LF149 Private Foundation (CDQ) | A nonprofit organization established by an individual, family, or group to support charitable, educational, or social causes. Private foundations are funded by a single source or a small group of contributors and distribute funds to other charitable organizations or directly implement programs aligned with their philanthropic mission. They operate independently, guided by their mission and governed by a board of directors or trustees. | LF149 |
| LF150 Private Limited Company (CDQ) | A company with limited liability, where shares are privately held and ownership is typically restricted to a small group of individuals or entities. Private limited companies provide limited liability protection to their shareholders, separating personal assets from business obligations. They often have less stringent regulatory requirements compared to public companies, allowing for more flexibility in decision-making and operations. | LF150 |
| LF151 Private Unlimited Company (CDQ) | A type of business organization where the liability of its members or shareholders is unlimited. Private unlimited companies do not have restrictions on their liability, exposing members' personal assets to the company's debts and obligations. This structure is less common and often used for specific purposes, where the unlimited liability is a deliberate choice by the owners. | LF151 |
| LF152 Proprietary Company Unlimited by Shares (CDQ) | A company structure where the liability of its members or shareholders is limited to the extent of their shareholding. Proprietary companies unlimited by shares issue shares to the members and offer limited liability protection. The shareholders' personal assets are shielded from the company's debts and obligations beyond the amount of their investment in the form of shares. | LF152 |
| LF153 Proprietorship (CDQ) | A business owned and operated by a single individual who has complete control and responsibility for the business's operations and finances. Proprietorships are the simplest form of business ownership, offering flexibility and ease of setup. The proprietor is personally liable for the business's debts and obligations, and their personal assets are not legally distinct from the business assets. | LF153 |
| LF154 Public Company (CDQ) | A company that is owned by shareholders and whose shares are publicly traded on a stock exchange or other securities market. Public companies allow for broad ownership by the general public, as their shares can be bought and sold by investors. They have legal and financial reporting requirements, and their governance is subject to regulatory oversight to protect the interests of shareholders and the public. | LF154 |
| LF155 Public Company Limited by Shares (CDQ) | A company that issues shares to the public and whose liability is limited to the extent of the shares held by shareholders. Public companies limited by shares allow for investment from the public and have legal structures to protect shareholders' interests. They are subject to regulatory requirements and disclosure obligations to ensure transparency and accountability in their operations and financial reporting. | LF155 |
| LF156 Public Institute (CDQ) | An organization or institution that is established and funded by the government to provide public services or fulfill a specific public mandate. Public institutes may operate in various sectors, including education, research, healthcare, culture, or public administration. They serve the public interest and are accountable to the government and society for the effective delivery of their services or the achievement of their mandated objectives. | LF156 |
| LF157 Registered Partnership (CDQ) | A partnership that is registered with the appropriate government authority, typically with legal obligations and liabilities defined by the registration. Registered partnerships provide legal recognition and formalize the rights and responsibilities of the partners. They often operate under a partnership agreement and have certain legal protections and obligations in accordance with the jurisdiction's laws and regulations. | LF157 |
| LF158 Representative Office (CDQ) | A branch or office established by a company in a foreign country to represent and promote the interests of the parent company. Representative offices serve as a liaison between the parent company and local entities, conducting market research, marketing activities, and non-commercial activities such as information gathering or networking. They typically do not engage in direct commercial activities or generate revenue. | LF158 |
| LF159 Securities Fund (CDQ) | An investment fund that pools money from various investors to invest in a diversified portfolio of securities, such as stocks, bonds, or other financial instruments. Securities funds are managed by professional investment managers who make investment decisions on behalf of the fund. They offer individuals and institutions access to diversified investments and the potential for capital appreciation or income generation. | LF159 |
| LF160 Social Enterprise (CDQ) | An organization that applies business strategies to address social or environmental issues while pursuing financial sustainability. Social enterprises aim to create positive social impact and change through their core business activities. They generate revenue through the sale of goods or services and reinvest their profits to fulfill their social mission, contributing to the well-being of communities and the environment. | LF160 |
| LF161 Social Organisation (CDQ) | An organization that operates for the benefit of society, often addressing specific social issues, community needs, or public interests. Social organizations are typically nonprofit or voluntary organizations that aim to bring about positive change or provide services to vulnerable populations. They may focus on social advocacy, welfare, community development, or humanitarian efforts, relying on volunteerism, philanthropy, or public funding. | LF161 |
| LF162 Societas Europaea (CDQ) | A European public limited liability company created under European Union law to facilitate cross-border operations within the EU. Societas Europaea (SE) allows companies to operate and be governed across different EU member states under a unified legal framework. It offers flexibility in capital structure, cross-border mergers, and employee participation, enabling businesses to expand and conduct operations across multiple European countries. | LF162 |
| LF163 Society (CDQ) | A broad term referring to an organized group of individuals or entities joined together for a specific purpose or common interest. Societies can take various forms, such as nonprofit organizations, clubs, professional associations, or cultural groups. They often have a shared mission, values, and rules governing their activities, aiming to advance a particular cause, provide services, or promote collaboration and community engagement. | LF163 |
| LF164 Society for Capitalization of Savings (CDQ) | A financial institution or organization focused on encouraging and facilitating saving and investment activities for individuals and businesses. These societies promote financial inclusion, develop savings products, and provide financial services to foster economic growth and wealth accumulation. They may offer savings accounts, investment opportunities, and financial education programs to promote sound financial practices and asset building. | LF164 |
| LF165 Sole Proprietorship (CDQ) | A business owned and operated by a single individual who assumes full responsibility for the business's operations, finances, and liabilities. The owner retains all profits and has complete control over decision-making. However, the owner is personally liable for any debts or legal obligations incurred by the business. Sole proprietorships are easy to set up and dissolve, making them a popular choice for small-scale businesses and freelancers. | LF165 |
| LF166 State Owned Company (CDQ) | A company or corporation that is fully owned and controlled by the government. State-owned companies are established to operate in strategic sectors and fulfill public objectives. The government holds all or the majority of shares, granting it authority over decision-making and governance. State-owned companies often play a vital role in the economy, managing key infrastructure, providing essential services, or conducting commercial activities on behalf of the government. | LF166 |
| LF167 Succession (CDQ) | The process of transferring rights, assets, and responsibilities from one person or entity to another upon the death, retirement, or transfer of ownership. Succession planning ensures the smooth transition of leadership and ownership in businesses, organizations, or family estates. It involves legal, financial, and managerial considerations to preserve continuity and maintain operational stability. Successful succession strategies often involve comprehensive estate planning, the selection of competent successors, and the implementation of appropriate legal mechanisms. | LF167 |
| LF168 Syndicate (CDQ) | A temporary association or partnership formed for a specific purpose or business venture. Syndicates are commonly established to pool resources, capital, or expertise to undertake projects that require collective efforts. They operate for a defined period or until the project's completion, after which the syndicate may dissolve or reorganize for subsequent ventures. Syndicates can be found in various industries, including finance, real estate, entertainment, or investment, where multiple parties collaborate to achieve shared goals and mitigate risks. | LF168 |
| LF169 Temporary Association (CDQ) | A temporary alliance or collaboration between multiple individuals, companies, or organizations for a specific project or objective. Temporary associations bring together diverse expertise, resources, and perspectives to address common challenges or pursue shared goals. They operate for a limited duration or until the project's completion, after which the association may dissolve or transform into a different form. Temporary associations are often formed for research initiatives, event planning, advocacy campaigns, or joint ventures that require a collective effort or specialized knowledge. | LF169 |
| LF170 Tenant Owners' Society (CDQ) | A cooperative organization formed by individuals who collectively own and manage a residential building or property. Tenant owners' societies enable residents to share ownership, responsibilities, and decision-making related to the common areas and maintenance of the property. Each tenant owner typically owns shares or has the right to occupy a specific unit while collectively participating in the management and governance of the society. Tenant owners' societies foster a sense of community and provide an avenue for collective decision-making and property management. | LF170 |
| LF171 Trust (CDQ) | A legal entity created to hold and manage assets on behalf of beneficiaries. A trust is established by a settlor who transfers assets to a trustee, who then manages and administers those assets according to the terms of the trust deed or agreement. Trusts allow for asset protection, estate planning, and the distribution of wealth to beneficiaries. They are governed by trust law and provide a mechanism for managing assets, protecting the interests of beneficiaries, and avoiding probate or estate-related complications. | LF171 |
| LF172 Union (CDQ) | An organization formed by workers to protect and promote their collective interests. Unions, also known as labor unions or trade unions, represent workers in negotiations with employers regarding wages, working conditions, benefits, and other employment-related matters. They advocate for workers' rights, seek to improve working conditions, and may engage in collective bargaining or industrial actions. Unions play a crucial role in promoting fair labor practices, advocating for social justice, and balancing the power dynamics between employers and employees in the workplace. | LF172 |
| LF173 Unlimited Company (CDQ) | A type of business organization where the liability of its members or shareholders is unlimited. Unlimited companies do not have restrictions on their liability, exposing members' personal assets to the company's debts and obligations. This structure is less common and often used for specific purposes, where the unlimited liability is a deliberate choice by the owners. Unlimited companies are typically governed by the applicable laws and regulations of the jurisdiction in which they operate. | LF173 |
| LF174 Unlimited Co-operative Society (CDQ) | A cooperative society where the liability of its members is unlimited. Members of unlimited cooperative societies are personally liable for the debts and obligations of the society beyond their capital contribution. This structure carries a higher degree of risk for the members compared to limited liability cooperatives. Unlimited cooperative societies operate based on the cooperative principles, emphasizing member participation, collective decision-making, and shared benefits among the members. | LF174 |
| LF175 Unlimited Partnership (CDQ) | A partnership where the liability of the partners is unlimited, making each partner personally responsible for the debts and obligations of the partnership. In an unlimited partnership, partners have joint and several liability, meaning they are collectively and individually liable for the partnership's debts. This structure carries a higher level of risk for the partners compared to limited partnerships or other forms of business organizations with limited liability. Unlimited partnerships often require a clear understanding and agreement among the partners regarding risk management and liability sharing. | LF175 |
| LF176 Vestry (CDQ) | A local administrative body in some countries, often associated with a church, responsible for managing local affairs and finances. Vestries typically consist of elected or appointed members who represent the interests of the local community. They may oversee matters such as local governance, finance, community programs, and the maintenance of church properties. The role and responsibilities of a vestry can vary depending on local customs, laws, and the specific organization or community it serves. | LF176 |
| LF999 Unknown (CDQ) | Unknown refers to a type of organization or legal structure that is unidentified or not specified. It may indicate a lack of information or clarity regarding the specific type of organization or legal entity in question. The classification as "Unknown" could arise due to various reasons, including limited available information, unique or specialized structures, or cases where the type does not align with the conventional classifications mentioned in the table. | LF999 |