corporate entity
Legally recognized firm
A corporate entity is a legal structure—such as a corporation, LLC, or partnership—recognized as having its own existence separate from the people who own or run it.
This separation allows the entity to own property, enter contracts, sue and be sued, and incur debts in its own name: The corporate entity, not its shareholders, was held liable.
- board of directorsGoverning body of organization
- bylawsOrganization's internal regulations
- suitMatched formal garments
- CEOTop corporate officer
- corporate ladderOrganizational rank structure
capitalization · fiduciary duty · antitrust law · profit maximization · bottom line · shareholders · shell · revenue streams · brass tacks · paper trail · proxy voting · golden parachute · joint venture · holding company · parent company · umbrella · hostile takeover · social responsibility
corporate entitysole proprietorship
Unincorporated individual-owned business
sole trader · natural person · freelancer · independent contractor · partnership
corporate entitynatural person
Legal term for human
individual · private citizen · human being · real person · family unit
corporate entitynonprofit organization
Mission-focused entity, not profit-seeking
charitable organization · NGO · cooperative · mutual aid society · social enterprise