| Concept Details | ||
|---|---|---|
| Term | LEGAL STATUS | 
|
| Concept Identifier | ECCMA.eOTD:0161-1#02-180097#1 | |
| Definition | Legal Status refers to the legal identity by which a person, entity, association, or company is officially recognized under the law, with sufficient capacity to take on obligations, engage in lawful activities, and incur full legal responsibility for its actions, both regarding itself and third parties. It determines the entity’s ability to enter into contracts, assume legal responsibilities, and be held accountable under the law. | |
| Term ID | Language | Term | Source | Source Reference |
|---|---|---|---|---|
| ECCMA.eOTD:0161-1#TM-3326576#1 | en - US | LEGAL STATUS | eALEI | - |
| ECCMA.eOTD:0161-1#TM-3337165#1 | en - US | STATUS | ECCMA |
| Definition ID | Language | Term | Source | Source Reference |
|---|---|---|---|---|
| ECCMA.eOTD:0161-1#DF-3326366#1 | en - US | Legal Status refers to the legal identity by which a person, entity, association, or company is officially recognized under the law, with sufficient capacity to take on obligations, engage in lawful activities, and incur full legal responsibility for its actions, both regarding itself and third parties. It determines the entity’s ability to enter into contracts, assume legal responsibilities, and be held accountable under the law. | eALEI | |
| ECCMA.eOTD:0161-1#DF-3336980#1 | en - US | State of the legal entity registration. Legal status generally fits into either "active" or "inactive" but may be more specific, such as "good standing" or "forfeited." The legal status of a business is given by the government business entity register that granted its legal existence. | ECCMA |