These name changes do not alter the legal identity or existence of the company. Just his name. Joint ventures are a common mechanism to enable various projects of current companies. Two or more independent companies (i.e. separate legal entities) may wish to collaborate on a particular project. Joint ventures are often referred to as “special purpose entities” because they were created for a specific purpose. You: Nothing replaces a company search to find the legal entity in the corresponding commercial register. Each branch is usually owned by the regulated bank. They belong to the same legal entity as HSBC Bank UK PLC, Lloyds Bank plc, Barclays Bank UK plc. Sometimes the term “division” also refers to one or more legal entities.

However, this is an exceptional scenario and must be confirmed from legal documents and registrations of the company or business unit concerned. This can be done by doing business research to find out the real name of the company that acts and claims to be a “division”. The company is unique and differs from its members according to the law. It has its own name and seal. Its obligations and assets differ from those of its members. He can own real estate, acquire debts and borrow money, maintain an account with a bank, enter into contracts, hire individuals, sue and be sued separately. In anticipation of starting a business, some businessmen sign contracts before it is created. Since the company does not exist as an independent legal entity, it cannot conclude contracts. Indeed, if the company did not exist at that time, the contracts executed in its name are not enforceable against it. The fact that the company exists at a later date after the contract is signed does not make the contract legitimate. The corporate veil can be lifted or violated if a company was created for illegal or inappropriate purposes, such as circumvention of the law.

The term “separate legal entity” is a fundamental concept in law that underpins business law and legal liability. A corporation is a corporation whose shares are listed on the stock exchange. A corporation can be founded with only 7 members. The interchangeability of shares is completely unlimited. The government, along with other agencies such as the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI) and others, require stricter public disclosures and compliance requirements from a public company. Its owners are considered shareholders, making it an independent legal entity. Mr. Macaura, the complainant, previously owned a forest colony in Northern Ireland, which he sold to a Canadian flour mill in exchange for payment for the company`s shares. The complainant was awarded 42,000 fully paid-up shares of £1, giving him full ownership.

He was also an unsecured creditor of £19,000. The complainant purchased fire insurance for the wood in his own name and the fire caused damage shortly thereafter. The plaintiff attempted to claim damages under such an insurance policy, but Northern Assurance Co. refused to pay because the company owned the timber and was another legal entity. There is no substitute for the business search to find the legal entity on the corresponding business registration. In India, the Registrar of Companies is the competent office to turn to. It reports to the Indian Ministry of Corporate Affairs and deals with the administration of the Companies Act 2013, the Limited Liability Companies Act 2008, the Corporate Secretaries Act 1980 and the Chartered Accountants Act 1949. It keeps records of all registered companies, limited partnerships and other legal organizations registered in the country. Your company is an S company that provides dog grooming services. Your company decides to buy a new building and a company car for mobile care. As an S company, your company can legally acquire real estate under the company`s information. You are not obliged to buy the property under your personal data.

Since most people can`t afford the greatest responsibility of a company, the concept of liability protection is crucial. The term “Corporate Shield” or “Corporate Veil” illustrates the concept of a separate entity and implies that the company (or other separate entity) is protected from liability. This shield or veil cannot be broken if the company is a separate entity. This principle can be applied in various circumstances, including: It is so easy to make a mistake, a serious cause on the road. And even trainee lawyers are known for not having a clear understanding of legal entities and how to identify them correctly.