Legal entity
separate legal entity other than natural person or unincorporated entity / From Wikipedia, the free encyclopedia
A 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.
A legal entity is not always something else than the natural persons of which it is composed as one can see with a company or corporation.
Some examples of legal entities include:
- companies
- cooperatives (co-ops)
- corporations
- municipalities
- natural persons
- political parties
- sovereigns
- states
- temples, in some legal systems, have separate legal personality[1]
- trade unions
- ship or vessel