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.
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.
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.
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.
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.