Cross-referenced to actions listed on Actions for BE 1.0 FTF Completion for Reston OMG
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- with a skos:definition of "a not for profit organization that is a citizen-based group that functions independently of government"
- with a fibo-fnd-utl-av:explanatoryNote of "NGOs are neither a part of a government nor a conventional for-profit business. Usually set up by ordinary citizens, NGOs may be funded by governments, foundations, businesses, or private persons."
- with a fibo-fnd-utl-av:explanatoryNote of "NGOs, sometimes called civil societies, are organized on community, national and international levels to serve specific social or political purposes, and are cooperative, rather than commercial, in nature."
- with a fibo-fnd-utl-av:explanatoryNote of "Some NGOs avoid formal funding altogether and are run primarily by volunteers. NGOs are highly diverse groups of organizations engaged in a wide range of activities, and take different forms in different parts of the world. Some may have charitable status, while others may be registered for tax exemption based on recognition of social purposes. Others may be fronts for political, religious, or other interests."
- with a restriction that constrains the organization's objective to be an rdfs:subClassOf fibo-be-le-lp:hasObjective some fibo-be-le-lp:PublicPurpose
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- with a skos:definition of "a not for profit organization whose objective is specific to some fundamental set of beliefs and practices generally agreed upon by a number of people, and that is incorporated under the law"
- with a fibo-fnd-utl-av:explanatoryNote of "Often religious corporations are recognized under the law on a sub-national level, for instance by a state or provincial government. The government agency responsible for regulating such corporations is usually the official holder of records, for instance a state department of corporations."
- with a restriction that constrains the organization's objective to be an rdfs:subClassOf fibo-be-le-lp:hasObjective some fibo-be-le-lp:ReligiousObjective
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- with a skos:definition of "a corporation whose objective is to make money, in other words, to ensure realization of a financial benefit such that the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain that activity"
- with a restriction that constrains the organization's objective to be an rdfs:subClassOf fibo-be-le-lp:hasObjective some fibo-be-le-lp:ProfitObjective
- with a constraint that ForProfitCorporation is disjoint with NotForProfitCorporation
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- add class BusinessLicense as a subClassOf License
- add label "business license"
- add skos:definition: "a license that allows the holder to conduct business or carry out a specific profession within some jurisdiction for some period of time"
- add adaptedFrom: Barron's Dictionary of Business and Economics Terms, Fifth Edition, 2012
- add restriction: fibo-fnd-rel-rel:appliesTo exactly 1 BusinessEntity
- add restriction: isRecognizedIn some Jurisdiction
- add restriction: fibo-fnd-dt-bd:holdsDuring exactly 1 DatePeriod
Resolution E - Provide Expressions to Describe Liabilities of Business Entities (
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Priority)
Depends on (D) because it refers to BusinessEntity
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- add class MunipalGovernment as a subClassOf Government
- add label: "municipal government"
- add skos:definition: "the government for a municipality"
- add definitionOrigin: http://www.thefreedictionary.com/municipal+government
- add restriction: governs some Municipality
D. In module LEIEntities
remove Sovereign (this will be replaced by Polity in GovernmentEntities)
remove MuncipalEntity (this will be replaced by MunicipalEntity in GovernmentEntities)
E AboutBE-1.0 Add import
- add following ontology imports:
- http://www.omg.org/spec/LCC/Countries/CountryRepresentation/
- add class SupranationalEntity as a subClassOf Polity
- add label: "supranational entity"
- add skos:definition: "a type of multinational political union where negotiated power is delegated to an authority by governments of member states"
- add adaptedFrom: "Kiljunen, Kimmo (2004). The European Constitution in the Making. Centre for European Policy Studies. pp. 21–26. ISBN 978-92-9079-493-6"
- add explanatoryNote: "A supranational union is a supranational polity which lies somewhere between a confederation that is an association of States and a federation that is a state. Unlike states in a federal super-state, member states retain ultimate sovereignty, although some sovereignty is shared with, or ceded to, the supranational body."
- add restriction: hasSharedSovereigntyOver min 2 Country
- add restriction: isRepresentedBy some GovernmentalEntity
D. In module LEIEntities
remove Sovereign (this will be replaced by Polity in GovernmentEntities)
remove MuncipalEntity (this will be replaced by MunicipalEntity in GovernmentEntities)
remove SuparanationalEntity (this will be replaced by SupranationalEntity in GovernmentEntities)
E AboutBE-1.0 Add import
- add following ontology imports:
- http://www.omg.org/spec/LCC/Countries/CountryRepresentation/
- http://www.omg.org/spec/EDMC-FIBO/BE/GovernmentEntities/GovernmentEntities/
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- Add owl:imports PrivateLimitedCompanies
Resolution M -
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Remove Affiliate (Discretionary)
Description: Remove affiliate
Rationale: In current release the restrictions defining affiliate are too limiting and require further analysis. Also affiliate is often defined differently according to different regulations. Our recommendation is to remove affiliate from this release and further develop the concept in a future release that will support regulatory plugins e.g. RegulationW, et.al.
Resolution:
A. In module
Resolution
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N - Remove unnecessary restrictions in Stock
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Corporation (Discretionary)
Resolution
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O - Replace Natural Person with
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LegallyCapablePerson (Discretionary)