Unincorporated entity
An unincorporated entity is an organisation that has not been granted formal corporate status by incorporation.
Description
The most common and traditional unincorporated entities are sole traders, partnerships, and trustees of trusts. Modern unincorporated entities include limited partnerships, limited liability partnerships, Limited liability limited partnerships, and limited liability companies.Unincorporated societies and clubs are also unincorporated entities.
An unincorporated entity will generally be a separate entity for accounting purposes, but may or may not be a separate legal entity. For example, partnerships in England and Scotland are separate entities for accounting purposes, but while English partnerships are not separate legal entities, in Scotland they are separate legal persons. .
Australia
In Australian law, incorporation occurs under the Corporations Act 2001, and includes:- a branch of an overseas company not incorporated in Australia
- incorporated associations which are incorporated under an Act of one of the States and territories of Australia, and
- incorporated charitable institutions.
- people grouped together by a common purpose with club-like characteristics, for example, a sporting club, social club or trade union.
- It does not include joint ventures.
India