1. Implementing Applications
  2. Create Legal Entities, Registrations, and Reporting Units

Create Legal Entities, Registrations, and Reporting Units

Define a legal entity for each registered company or other entity recognized in law for which you want to record assets, liabilities, and income, pay transaction taxes, or perform intercompany trading.

Legal Entity

Create a legal entity by following these steps:

  1. In the Setup and Maintenance work area, go to the Manage Legal Entity task.

  2. Accept the default Country, United States.

  3. Enter Name, InFusion USA West.

  4. Enter Legal Entity Identifier, US0033.

  5. Optionally enter Start Date. When the start date is blank the legal entity is effective from the creation date.

  6. Optionally enter an End Date.

  7. Optionally, if your legal entity should be registered to report payroll tax and social insurance, select the Payroll statutory unit check box.

  8. Optionally, if your legal entity has employees, select the Legal employer check box.

  9. Optionally, if this legal entity isn't a payroll statutory unit, select an existing payroll statutory unit to report payroll tax and social instance on behalf of this legal entity.

  10. Enter the Registration Information

  11. Accept the default Identifying Jurisdiction, United States Income Tax.

  12. Search for and select a Legal Address, 500 Oracle Parkway, Redwood Shores, CA 94065.

    The legal address must have been entered previously using the Manage Legal Address task.

  13. OK.

  14. Optionally enter a Place of Registration.

  15. Enter the EIN or TIN.

  16. Enter the Legal Reporting Unit Registration Number.

  17. Save and Close.

  18. In the Setup and Maintenance work area, go to the Manage Legal Entity page and Select to set scope.

  19. Select the Manage Legal Entity.

  20. In the *Legal Entity list, select Select and Add.

  21. Click Apply and Go to Task.

  22. Select your legal entity.

  23. Save and Close.

    This sets the scope for your task list to the selected legal entity.

  24. Save and Close.

Legal Entity Registrations

A legal entity registration with the same name as that of the legal entity is created by default. To verify this, locate the Manage Legal Entity Registrations task and then select Go to Task. To create another registration for the legal entity follow these steps:

  1. In the Setup and Maintenance work area, go to the Manage Legal Entity Registrations task. Verify that the Legal Entity scope value is set correctly.

  2. Go to Task.

  3. Select Create.

  4. Enter Jurisdiction.

  5. Enter Registered Address.

  6. Enter Registered Name.

  7. Optionally enter Alternate Name, Registration Number, Place of Registration, Issuing Legal Authority, and Issuing Legal Authority Address, Start Date, and End Date.

  8. Save and Close.

Legal Reporting Unit

When a legal entity is created, a legal reporting unit with the same name as that of the entity is also automatically created. To create more legal reporting units or modify the settings follow these steps:

  1. In the Setup and Maintenance work area, go to the Manage Legal Reporting Unit task. Verify that the Legal Entity scope value is set correctly.

  2. Go to Task

  3. Select Create.

  4. Enter Territory, United States.

  5. Enter Name.

  6. Optionally enter a Start Date.

  7. Enter Registration Information.

  8. Search for and select Jurisdiction.

  9. Enter Main Legal Reporting Unit information.

  10. Select the value Yes or No for the Main Legal Reporting Unit. Set value to yes only if you're creating a new main (primary) legal reporting unit.

  11. Enter the Main Effective Start Date, 1/1/11.

  12. Save and Close.

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