https://spec.edmcouncil.org/fibo/ontology/BE/LegalEntities/LegalPersons/VariableInterestEntity
legal entity whose shareholders are entitled to a percentage of a named company's profits via a private contract
Instances of fibo-be-le-lp:VariableInterestEntity can have the following properties:
| PROPERTY | TYPE | DESCRIPTION | RANGE |
|---|
@prefix cmns-av: <https://www.omg.org/spec/Commons/AnnotationVocabulary/> .
@prefix cmns-org: <https://www.omg.org/spec/Commons/Organizations/> .
@prefix fibo-be-le-lp: <https://spec.edmcouncil.org/fibo/ontology/BE/LegalEntities/LegalPersons/> .
@prefix owl: <http://www.w3.org/2002/07/owl#> .
@prefix rdfs: <http://www.w3.org/2000/01/rdf-schema#> .
@prefix skos: <http://www.w3.org/2004/02/skos/core#> .
fibo-be-le-lp:VariableInterestEntity a owl:Class ;
rdfs:label "variable interest entity"@en ;
rdfs:isDefinedBy fibo-be-le-lp: ;
rdfs:subClassOf cmns-org:LegalEntity ;
skos:definition "legal entity whose shareholders are entitled to a percentage of a named company's profits via a private contract"@en ;
cmns-av:abbreviation "VIE"@en ;
cmns-av:explanatoryNote "Variable interest entity (VIE) is a term used by the Financial Accounting Standards Board (FASB) to refer to a legal entity with certain characteristics such that a public company with a financial interest in the entity is subject to certain financial reporting requirements. Examples include certain Chinese companies, such as Alibaba, that leverage VIEs to gain access to foreign capital that would otherwise not be available due to Chinese government regulations."@en ;
cmns-av:synonym "shell company"@en .