Now banks have to deal with fragmentation across their internal systems and they are unable to attach exposure across different asset classes to an entity.

FORBES: LEI -- 20 Characters In Search Of Authority

The various classes of ownership in a disregarded entity do not have any tax effects.

FORBES: Chief Counsel Squashes Mysterious Technique

Based on the preferences contained in the governing documents, the entity allocates items of income, deduction, loss, and credit between the classes.

FORBES: Chief Counsel Squashes Mysterious Technique