What is entity management in Commenda?
What is entity management in Commenda?
Entity management in Commenda is the central record of every legal entity a company operates — including its business information, registered addresses, key persons (directors, officers, shareholders, authorized signatories), ownership structure, bank accounts, government identifiers, and registrations. Commenda maintains this data in a structured, searchable format so finance teams always have an accurate, up-to-date view of their corporate structure.
What types of entities does Commenda support?
What types of entities does Commenda support?
Commenda supports 3,500+ entity types across 100+ countries, including the most common business structures such as:
- Corporations (C-Corp, S-Corp equivalents globally)
- Limited Liability Companies (LLCs)
- Partnerships (LP, LLP, and general partnerships)
- Branch offices
- Subsidiaries
- Holding companies
- Representative offices
- Sole proprietorships
Can Commenda map a parent–subsidiary corporate structure?
Can Commenda map a parent–subsidiary corporate structure?
Yes. Commenda includes a corporate structure mapping feature that allows you to define ownership relationships between entities and visualize the full parent-subsidiary hierarchy of your corporate group.
What is a "key person" in Commenda?
What is a "key person" in Commenda?
A key person in Commenda is any individual associated with a legal entity in an official capacity — such as a director, officer, shareholder, beneficial owner, or authorized signatory. Commenda tracks key person information at the entity level, including their role, tenure, and any associated documents.
Can Commenda track government-issued identifiers like EINs, VAT numbers, and company registration numbers?
Can Commenda track government-issued identifiers like EINs, VAT numbers, and company registration numbers?
Yes. Commenda stores and tracks government-issued identifiers for each entity by jurisdiction, including:
- EIN / Tax ID (U.S. and global equivalents)
- VAT / GST registration numbers
- Company registration numbers
- Business license numbers
- State / provincial tax IDs
- Employer / payroll tax IDs
- Import / export registration numbers (e.g., EORI)
- Withholding tax IDs and other jurisdiction-specific identifiers
How does Commenda handle bank account information for entities?
How does Commenda handle bank account information for entities?
Commenda allows you to record and manage bank account details at the entity level, so financial information is stored alongside the rest of the entity’s data rather than in separate spreadsheets or systems.
Can multiple team members access entity data in Commenda?
Can multiple team members access entity data in Commenda?
Yes. Commenda supports team-based access with role-based permissions, so Controllers, finance staff, legal teams, and external advisors can each be given appropriate levels of access to entity data.