legal entities
Chartered bodies, officially
Legal entities are organizations recognized by law as having their own rights and obligations, separate from the people who create or run them.
Corporations, partnerships, nonprofits, and governments are all legal entities—they can own property, enter contracts, sue and be sued.
The concept allows groups to act as single units in legal matters: The legal entity was held liable for damages.
- companiesBusiness entities
- corporationLegally separate business entity
- parent companyFirm owning subsidiary businesses
- nonprofitOrganization serving public good
- firmsCommercial enterprises or solidifies
partnership · trust · consortium · business entity · shell company · syndicate · LLC · association · limited liability · foundation · sole proprietorship · cooperative · registered · on the books · subsidiary · corporate governance · shareholder · articles