Business Entity
/ˈbɪznɪs ˈɛntɪti/
Definitions
- (n.) A legally recognized organization formed to conduct business, holding rights and obligations distinct from its owners.
The corporation is a business entity separate from its shareholders.
Forms
- business entities
Related terms
See also
Commentary
The term broadly covers various organizational structures distinguishable under law, crucial for attributing liability and tax treatment.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.