Entities under common ownership definition

Entities under common ownership means entity assets are held indivisibly rather than in the names of individual members.
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Entities under common ownership means two or more legal entities, such as corporations, limited liability companies, partnerships, and the like which are: owned by the same person(s); in which the same person(s) serve as officers and/or directors; or the majority of one of which is owned by one or more of the others. For example, if a single person owns controlling interests in several limited liability companies, all of those limited liability companies are entities under common ownership.
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Examples of Entities under common ownership in a sentence

  • Sale of goods and services Purchase of goods and services Transactions with related partiesFor the six months ended30 June 2012 For the six months ended30 June 2011 For the six months ended30 June 2012 For the six months ended30 June 2011 Entities under common ownership and control of the Group’s majorshareholders 3 6 7 26Associates of the Group 52 8 238 177 Total 55 14 245 203 19.

  • Entities under common ownership or control are also deemed related parties.

  • Entities under common ownership or controlled are deemed related parties.

  • The Health System is an integrated healthcare delivery network consisting of several Covered Entities under common ownership and control.

  • Sale of goods and services Purchase of goods and services Transactions with related partiesYear ended 31/12/2013 Year ended 31/12/2012 Year ended 31/12/2013 Year ended 31/12/2012 Entities under common ownership and control of the Group’s major shareholders 4 7 During the year ended 31 December 2013, the Group purchased from a related party 20% shares of a company which owns various real estate properties.

Related to Entities under common ownership

  • Common ownership means that more than 50% of the voting control of each member of a combined group is directly or indirectly owned by a common owner or owners, either corporate or non-corporate, whether or not the owner or owners are members of the combined group. Whether voting control is indirectly owned shall be determined in accordance with section 318 of the federal Internal Revenue Code, 26 U.S.C. s.318.

  • Controlled Foreign Corporation means “controlled foreign corporation” as defined in the Internal Revenue Code.

  • Black woman-owned enterprise means an enterprise with at least 25, 1% representation of black women within the black equity and management portion.

  • Veteran-owned Small Business Enterprise (VSBE) means A business that is verified by the Center for Verification and Evaluation (CVE) of the United States Department of Veterans Affairs as a veteran-owned small business. See Code of Maryland Regulations (COMAR) 21.11.13.

  • Change in Ownership means change of ownership of the Bidder/Member in a Bidding Consortium by way of merger/ acquisition/ amalgamation/ reorganisation/ consolidation/ demerger;

  • Equity Ownership means the percentage ownership and control, exercised by individuals within an enterprise.

  • mixed financial holding company means a mixed financial holding company as defined in point (21) of Article 4(1) of Regulation (EU) No 575/2013;

  • Common parent, as used in this provision, means that corporate entity that owns or controls an affiliated group

  • Insurance holding company system means a group of two or more affiliated persons, at least one of whom is an insurer.

  • Women Owned Business Enterprise or "WBE" means a firm awarded certification as a women owned and controlled business in accordance with City Ordinances and Regulations as well as a firm awarded certification as a women owned business by Cook County, Illinois. However, it does not mean a firm that has been found ineligible or which has been decertified by the City or Cook County.

  • Controlling Company shall have the meaning set forth in Section 10.02(a) of this Agreement.

  • Wholly Owned Domestic Subsidiary means, as to any Person, any Wholly-Owned Subsidiary of such Person which is a Domestic Subsidiary.

  • Foreign corporation means a corporation for profit incorporated under a law other than the law of this state.