--- title: What is a Legal Entity? description: A legal entity is an organization that has legal rights and responsibilities, including tax filings. --- [Skip to content](https://help.occupier.com/knowledge/what-is-a-legal-entity#main-content) English Show submenu for translations [Customer portal](https://help.occupier.com/tickets-view?hsLang=en) ![H-Teal (1).svg\]](https://help.occupier.com/hubfs/H-Teal%20(1).svg) - [Tickets](https://3455891.hs-sites.com/tickets-view) - [Sign out](https://3455891.hs-sites.com/_hcms/mem/logout) Open main navigation Close main navigation - [Tickets](https://3455891.hs-sites.com/tickets-view) - [Sign out](https://3455891.hs-sites.com/_hcms/mem/logout) - English Show submenu for translations - [Customer portal](https://help.occupier.com/tickets-view) Hi there! How can we help? - There are no suggestions because the search field is empty. 1. [Help Center](https://help.occupier.com/knowledge?hsLang=en) 2. [Lease Accounting](https://help.occupier.com/knowledge/lease-accounting?hsLang=en) 3. [Account Set-up](https://help.occupier.com/knowledge/lease-accounting?hsLang=en#account-set-up) # What is a Legal Entity? ## A legal entity is an organization that has legal rights and responsibilities, including tax filings. A Legal Entity is an organization that has legal rights and responsibilities, including tax filings. Legal Entities can be structured as S corps, C corps, LLCs, sole proprietorships, partnerships, and nonprofits, amongst others. The Legal Entities feature In Occupier allows you to organize leases by Legal Entity. This enables you to filter and analyze lease data/entries by Legal Entities within your organization. For example, all reporting (journal entries, trial balance, and disclosures) can be filtered by an Legal Entity.  If you have Legal Entities with different reporting standards (US GAAP vs IFRS), establishing separate legal entities with each standard will ensure the leases are populated under the correct reporting standard.  For more information on how to apply this in Occupier, refer to [this](https://help.occupier.com/knowledge/how-do-i-add/change-legal-entities-in-occupier?hsLang=en) article. - [Getting Started](https://help.occupier.com/knowledge/getting-started?hsLang=en#main-content) - [The Basics](https://help.occupier.com/knowledge/getting-started?hsLang=en#the-basics) - [Occupier Onboarding & Abstraction](https://help.occupier.com/knowledge/getting-started?hsLang=en#occupier-onboarding-abstraction) - [User & Team Management](https://help.occupier.com/knowledge/getting-started?hsLang=en#user-team-management) - [Email & Notification Management](https://help.occupier.com/knowledge/getting-started?hsLang=en#email-notification-management) - [Custom Data Management](https://help.occupier.com/knowledge/getting-started?hsLang=en#custom-data-management) - [Lease Administration](https://help.occupier.com/knowledge/lease-administration?hsLang=en#main-content) - [Equipment Leases](https://help.occupier.com/knowledge/lease-administration?hsLang=en#equipment-leases) - [Change History Log](https://help.occupier.com/knowledge/lease-administration?hsLang=en#change-history-log) - [Clauses](https://help.occupier.com/knowledge/lease-administration?hsLang=en#clauses) - [Document Storage](https://help.occupier.com/knowledge/lease-administration?hsLang=en#document-storage) - [Financials](https://help.occupier.com/knowledge/lease-administration?hsLang=en#financials) - [Creating & Editing a Lease](https://help.occupier.com/knowledge/lease-administration?hsLang=en#creating-editing-a-lease) - [Critical Dates](https://help.occupier.com/knowledge/lease-administration?hsLang=en#critical-dates) - [Lease Column Configurations](https://help.occupier.com/knowledge/lease-administration?hsLang=en#lease-column-configurations) - [Custom Fields](https://help.occupier.com/knowledge/lease-administration?hsLang=en#custom-fields) - [Contacts](https://help.occupier.com/knowledge/lease-administration?hsLang=en#contacts) - [Filtering](https://help.occupier.com/knowledge/lease-administration?hsLang=en#filtering) - [Assets](https://help.occupier.com/knowledge/lease-administration?hsLang=en#assets) - [Lease Data Exports](https://help.occupier.com/knowledge/lease-administration?hsLang=en#lease-data-exports) - [Occupier Analytics Dashboard](https://help.occupier.com/knowledge/lease-administration?hsLang=en#occupier-analytics-dashboard) - [Customizing Data Categories](https://help.occupier.com/knowledge/lease-administration?hsLang=en#customizing-data-categories) - [Lease Admin Overview](https://help.occupier.com/knowledge/lease-administration?hsLang=en#lease-admin-overview) - [Column Configuration & Filtering](https://help.occupier.com/knowledge/lease-administration?hsLang=en#column-configuration-filtering) - [Tasks & Commenting](https://help.occupier.com/knowledge/lease-administration?hsLang=en#tasks-commenting) - [Lease Payables](https://help.occupier.com/knowledge/lease-administration?hsLang=en#lease-payables) - [Lease Data Imports](https://help.occupier.com/knowledge/lease-administration?hsLang=en#lease-data-imports) - [Percentage Rent](https://help.occupier.com/knowledge/lease-administration?hsLang=en#percentage-rent) - [Lease Accounting](https://help.occupier.com/knowledge/lease-accounting?hsLang=en#main-content) - [Understanding ASC 842, IFRS16, GASB87 and FRS102](https://help.occupier.com/knowledge/lease-accounting?hsLang=en#understanding-asc-842-ifrs16-gasb87-and-frs102) - [Account Set-up](https://help.occupier.com/knowledge/lease-accounting?hsLang=en#account-set-up) - [FX Rates](https://help.occupier.com/knowledge/lease-accounting?hsLang=en#fx-rates) - [Recognizing a Lease](https://help.occupier.com/knowledge/lease-accounting?hsLang=en#recognizing-a-lease) - [Impairing a Lease](https://help.occupier.com/knowledge/lease-accounting?hsLang=en#impairing-a-lease) - [Lease Modifications](https://help.occupier.com/knowledge/lease-accounting?hsLang=en#lease-modifications) - [Lease Accounting Reporting](https://help.occupier.com/knowledge/lease-accounting?hsLang=en#lease-accounting-reporting) - [Importing Data Into Accounting](https://help.occupier.com/knowledge/lease-accounting?hsLang=en#importing-data-into-accounting) - [Allocations](https://help.occupier.com/knowledge/lease-accounting?hsLang=en#allocations) - [Close Books Process](https://help.occupier.com/knowledge/lease-accounting?hsLang=en#close-books-process) - [NetSuite Journal Entry Integrations](https://help.occupier.com/knowledge/lease-accounting?hsLang=en#netsuite-journal-entry-integrations) - [Transaction Management](https://help.occupier.com/knowledge/transaction-management?hsLang=en#main-content) - [Task Templates](https://help.occupier.com/knowledge/transaction-management?hsLang=en#task-templates) - [Filtering](https://help.occupier.com/knowledge/transaction-management?hsLang=en#filtering) - [Custom Categories](https://help.occupier.com/knowledge/transaction-management?hsLang=en#custom-categories) - [Deal Column Configurations](https://help.occupier.com/knowledge/transaction-management?hsLang=en#deal-column-configurations) - [Documents](https://help.occupier.com/knowledge/transaction-management?hsLang=en#documents) - [Comps](https://help.occupier.com/knowledge/transaction-management?hsLang=en#comps) - [Deal Stages](https://help.occupier.com/knowledge/transaction-management?hsLang=en#deal-stages) - [Creating & Editing a Deal](https://help.occupier.com/knowledge/transaction-management?hsLang=en#creating-editing-a-deal) - [Site Selection](https://help.occupier.com/knowledge/transaction-management?hsLang=en#site-selection) - [Broker Deals CRM](https://help.occupier.com/knowledge/broker-deals-crm?hsLang=en#main-content) - [Custom Deal Stages](https://help.occupier.com/knowledge/broker-deals-crm?hsLang=en#custom-deal-stages) - [Custom Fields](https://help.occupier.com/knowledge/broker-deals-crm?hsLang=en#custom-fields) - [Broker Deal Exports](https://help.occupier.com/knowledge/broker-deals-crm?hsLang=en#broker-deal-exports) - [Broker Digest emails](https://help.occupier.com/knowledge/broker-deals-crm?hsLang=en#broker-digest-emails) - [Critical Date Columns](https://help.occupier.com/knowledge/broker-deals-crm?hsLang=en#critical-date-columns) - [Creating & Editing a Deal](https://help.occupier.com/knowledge/broker-deals-crm?hsLang=en#creating-editing-a-deal) - [Comps](https://help.occupier.com/knowledge/broker-deals-crm?hsLang=en#comps) - [Site Selection](https://help.occupier.com/knowledge/broker-deals-crm?hsLang=en#site-selection) - [Broker Deal Teams](https://help.occupier.com/knowledge/broker-deals-crm?hsLang=en#broker-deal-teams) - [Negotiations & Proposals](https://help.occupier.com/knowledge/broker-deals-crm?hsLang=en#negotiations-proposals) - [Clients Tab](https://help.occupier.com/knowledge/broker-deals-crm?hsLang=en#clients-tab) - [Monthly Release Notes](https://help.occupier.com/knowledge/monthly-release-notes?hsLang=en#main-content) - [2025 Product Release Notes](https://help.occupier.com/knowledge/monthly-release-notes?hsLang=en#2025-product-release-notes) - [2024 Product Release Notes](https://help.occupier.com/knowledge/monthly-release-notes?hsLang=en#2024-product-release-notes) - [2026 Product Release Notes](https://help.occupier.com/knowledge/monthly-release-notes?hsLang=en#2026-product-release-notes) [![](https://help.occupier.com/hs-fs/hubfs/Occupier%20Logo%20Blue%20Horizontal.png?width=200&height=39&name=Occupier%20Logo%20Blue%20Horizontal.png)](https://www.occupier.com) [mailto:email@email.com](mailto:email@email.com) Copyright © 2026, Occupier