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legal status

Concept · WE BUILD Terminology · Draft

URI

https://iri.suomi.fi/terminology/webuild/legalstatus

Terms

Preferred term, Draft
Synonym, Draft
Synonym, Draft
Synonym, Draft
Synonym, Draft

Definition

the officially recorded status of a registered business entity as determined or maintained by the competent register authority

Note

In the EBWV and EU Company Certificate context, legal status indicates the current or historical status of a business entity in an official register, such as whether it is active, registered, dissolved, liquidated, bankrupt, suspended, merged, struck off or otherwise subject to a register authority’s status classification. It should be distinguished from the entity’s legal form, which describes the type of entity, such as limited liability company, cooperative or branch, and from its legal capacity, which concerns the entity’s ability to hold rights and obligations or perform legal acts.

Example

An EU Company Certificate states that the company’s legal status is “active” according to the national business register.

Organization

Finnish Tax Administration

Created at

Modified at

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