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- A legal entity is an entity that is capable of bearing legal rights and obligations, such as a natural person or an artificial person1. It is a legal construct through which the law allows a group of natural persons to act as if they were a single person for certain purposes, such as lawsuits, property ownership, and contracts2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.In law, a legal entity is an entity that is capable of bearing legal rights and obligations, such as a natural person or an artificial person (e.g. business entity or a corporate entity).en.wikipedia.org/wiki/EntityA legal entity is a legal construct through which the law allows a group of natural persons to act as if they were a single person for certain purposes. The most common purposes are lawsuits, property ownership, and contracts.simple.wikipedia.org/wiki/Legal_entity
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These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country. See more
A business entity is an entity that is formed and administered as per corporate law in order to engage in business activities, charitable work, or other activities allowable. Most … See more
• S.A. (Sociedad Anónima): ≈ plc (UK)
• S.R.L. (Sociedad de Responsabilidad Limitada): ≈ Ltd. (UK): ≈ limited liability company See more• LLP (Limited liability partnership): partnerships are governed on a state-by-state basis in Australia. In Queensland, a limited liability partnership is composed of at least one general … See more
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