A legal entity is a business or organization that has been recognized by the law as having the rights and obligations of a person. Examples of legal entities include corporations, partnerships, and limited liability companies. Continue Reading Below
A legal entity is a business or organization that has been recognized by the law as having the rights and obligations of a person. Examples of legal entities include corporations, partnerships, and limited liability companies. These entities are separate from their owners, and they can enter into contracts, sue or be sued, and own property in their own name.
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