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Version: 2.0.0

Ownership

What information is displayed for an entity’s Ownership?​

  • The Ownership displays details about the entity’s owners, including:

    • Entity ID

    • Entity Name

    • Percentage Owned

    • Begin Date and End Date of ownership

    • Status of ownership (Active/Inactive)

    • Actions to edit ownership details.

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How to add a new owner to an entity?​

  • To add an entity owner, the user must select the Add option “+” under the Ownerships tab.

What information is required when adding an entity owner?​

To add an entity owner, the user must provide the following details:

  • Entity ID

  • Entity Name

  • Percentage Owned

  • Begin Date

Can there be multiple owners of a single entity?​

  • Yes, there can be multiple entity owners for a single entity.

How to edit the ownership details of an entity?​

  • To edit ownership details, click the edit icon under the Actions column for the respective owner.

Which fields can be modified when editing an entity owner?​

  • Only the end date can be modified.

What does the red alert icon next to % Owned indicate?​

  • The red alert icon indicates a calculation error in the ownership percentage.

  • When an entity owner is added, edited, or marked as active/inactive, the ownership calculation must ensure that the total percentage owned equals 100%. If the sum does not equal 100%, the red alert icon is displayed to notify the user of the discrepancy.

What happens if ownership status is inactive?​

  • Inactive ownership means that the ownership period has ended

What does the start & end date signify?​

The start and end dates indicate the period during which the entity owner-maintained ownership of the entity.

  • Start Date: Specifies when the ownership began.

  • End Date: Indicates when ownership ended. This can be provided by the user if the ownership needs to be terminated before the entity itself is end-dated (e.g., due to sale, merger, or dissolution).