What is a legal entity?
<p>Legal entities are any entities which are formed by filing documentation with a Secretary of State or similar office. Examples include, but are not limited to:</p>
<ul>
<li>Corporations,</li>
<li>Limited liability companies,</li>
<li>Limited partnerships, and</li>
<li>General partnerships.</li>
</ul>
<p>Examples of entities which are not considered legal entities, or are exempt include:</p>
<ul>
<li>Sole proprietorships,</li>
<li>Unincorporated associations,</li>
<li>Most trusts (excluding statutory trusts),</li>
<li>Government entities,</li>
<li>Publicly traded companies, and</li>
<li>Companies registered with the SEC.</li>
</ul>
<p>Entities which are exempt may be requested to provide proof of exemption status.</p>