What is legal unit in SAP SLL - Global Trade Services?

SAP Term: legal unit

• Component: SLL

• Component Name: Global Trade Services

• Description: The organizational unit that divides your company into sub-areas.

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• Key Concepts: 
  A legal unit is a business entity that is legally responsible for its own actions and is subject to taxation. In SAP, a legal unit is a component of the SLL Global Trade Services (GTS) module. It is used to define the legal entity responsible for a particular transaction or activity. 
  
  How to use it: 
  In order to use the legal unit component of GTS, you must first create a legal unit in the system. This can be done by entering the necessary information such as name, address, and tax ID number. Once the legal unit has been created, it can be used to assign responsibility for transactions or activities within GTS. 
  
  Tips & Tricks: 
  When creating a legal unit in GTS, make sure to enter all relevant information accurately and completely. This will ensure that the legal unit is properly set up and can be used for transactions or activities within GTS. 
  
  Related Information: 
  The legal unit component of GTS is closely related to other components such as trade compliance and customs management. Understanding how these components interact with each other can help you better utilize the legal unit component of GTS.