Legal Entity Management

MYOBI Legal Entity Management (LEM) makes it possible for individuals and companies to share their data with other individuals and companies under direction.

This is done in such a way that they can rely on each other’s identity. With LEM, they manage both their own company data and that of their partners.

They also manage the structure of their corporate family with LEM. This creates clarity about how their corporate family is built and which organizational units are involved. 

Download the paper

Know yourself and know your partners are preconditions for working together and doing business. In this white paper we will mainly discuss the significance of the Legal Entity Management in the information ecosystem.
White paper Legal Entity Management

Frequently asked questions

Legal entity management is a tool to manage the legal risk associated with the organization’s corporate form. Legal entity management is a set of practices and tools to identify and manage corporate risk early when it is easier to handle.

In short, capital interests, control and profit rights can lead to a different formal structure of entities. It is essential for the making of agreements that the cohesion between entities of a company is clear. This also applies to the representation powers of a person at a company.

A company wishes to present its company and personal data up-to-date and reliable to its partners (employees, customers and suppliers). It is about the cohesion of the entities of the company and the authorized representatives of persons / employees. An important argument for using MYOBI services is that the company can expect that such data will also be obtained from its partners.

When we enter into a relationship with a partner, we expect that we will receive from the partner the same data that we provide to the partner: company and personal data and relevant stories. As the partner belongs to a group, we also belong to a group.

Individuals and companies can easily create an account or request a demo.

How? Fill in your company and personal data via a form and send it to the MYOBI Service Desk. The service desk uses public sources, such as the Chamber of Commerce, to determine the identity of the company and people. Based on the results of the investigation, the service desk establishes the relationship between the company and the authorized representative, the ‘Company Admin’.

MYOBI is a Trusted Third Party (TTP) and ensures that companies and persons maintain control over their company and personal data.

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