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psolin / cleanco

Company Name Processor written in Python
MIT License
327 stars 98 forks source link

add translated legal entity names #50

Open petri opened 4 years ago

petri commented 4 years ago

The legal terms are to some extent translatable across jurisdictions. It would be useful if user could ask for the business types in their own native language.

For example, as a Finnish person, limited liability company is known as "osakeyhtiö" ("oy") to me, whilst a public(ly traded) limited liability company would be called "julkinen osakeyhtiö" ("oyj") in Finland.

psolin commented 4 years ago

There is a language component to ISO 20275, but it is just clarifying the origin of the terms. I think you're suggesting using English (or maybe US/UK) as a basis to translate every term; that would be modifying this standard with our own interpretation. I realize that we are already doing this, but I don't believe that we are doing it as accurately as we could have done it.

There will be a different cultural meaning for what an LLC is in Finland vs. France, in Germany vs. Italy that there will be millions of combinations. If we can determine the basis for any business entity, such as the protections it provides for its owners, how it is traded, how it is taxed, etc. then we can begin to compare apples to apples.