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Business Entities

Business entities are essential for starting, managing, and growing your business. This guide to business entities covers every major type of legal entity, core concepts, criteria for choosing an entity, and legal entity management.

Business Entities

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Using the Contract Hierarchy in Lextree

A recent article, “Use the Contract Hierarchy for Better Results,” in the The Berkman Letter outlined an innovative approach to contract management. The contract hierarchy can improve profitability, collaboration, and risk management. The contract hierarchy unifies the legal concept of a contract, document management, and business analysis. This article explains the hierarchy and then shows how to use Lextree for Contract Management to implement the contract hierarchy.

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When Property Investors Should Care about Legal Entities

Real estate investment and property management companies form legal entities to achieve strategic objectives and to manage risk. To insulate the investors and property managers, a separate legal entity typically owns each property separately. The investors, in turn, own that entity. This most basic form of the corporate shield limits risk from liabilities associated with the property. The corporate structure is also an efficient way to channel investment capital from investors to various properties such that each property can attract a unique set of investors.

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General Counsel Guide to Entity Management

Gone are the days of corporate secretary duties performed in isolation. General counsel are under increasing pressure to deliver and demonstrate value to the organization. Legal entities proliferate. New tax laws and privacy regulations like the GDPR force a reassessment of legal structures.

Managing legal entities efficiently is critical for general counsel balancing legal, risk management, and leadership responsibilities. This paper provides a comprehensive review of entity management as a legal practice and entity management software as a tool from the perspective of the general counsel and in house legal team.

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Unrelated and Related Legal Entities in Org Charts

Accurate images of a corporate legal structure are more than a pretty picture. They tell a dynamic story about ownership and control. Legal org charts can also create unnecessary administrative burdens, cluttering the important work of managing legal entities. To simplify org chart creation, it is important to distinguish between related and unrelated entities.

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