The legal entity: what is it?

The legal entity is the structure to which will be incorporated all invoices and payments recorded by the piece of software. The legal entity is in agreement with the concept of legal person. A legal entity has rights (authorizations, approvals, conventions…) allowing it to carry out economic activities. To every legal entity corresponds a legal status.

case.JPG PURPOSE OF RESAMANIA LEGAL ENTITY
In Resamania V2, the legal entity allows to invoice and cash money.

Warning

With no legal entity, selling is not possible! The following information needs to be given to
the person in charge of implementation as soon as possible.

  • It is compulsory to have the right to sell.
  • Such information must be indicated on invoices.

The information required to create a legal entity will be asked by the person in charge of the implementation of Resamania V2. You need to be reminded of specific details required by Resamania to create the legal entity? Please read the following article!

 

case.JPG MODIFYING THE LEGAL ENTITY

Reasons to modify a legal entity:

  • Change in management
  • Change of bank / bank account details
  • Legal redress

In such cases, if you need to modify your legal entity, please reach your contact at Resamania.

 

case.JPG ACCOUNTING VALUE FOR THE CLUBS NETWORK
Inside a group composed of several clubs, all clubs won’t invoice as the same legal entity. A
club may sell as several legal entities according to its management.

Good to know

Combined to an account suffix, the legal entity enables a group of clubs to integrate the
accounting strategies of each one of them to apply them to the whole group.



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