Commercial Entity
/ˈkɒmə(r)ʃəl ˈɛntɪti/
Definitions
- (n.) A legally recognized organization or structure formed to conduct commercial business activities.
The startup was registered as a commercial entity to engage in retail operations.
- (n.) Any corporation, partnership, limited liability company, or other organization that operates for profit.
Foreign commercial entities must comply with local tax laws.
Forms
- commercial entity
- commercial entities
Related terms
See also
Commentary
The term broadly encompasses various forms of profit-oriented organizations; defining the specific legal form may require jurisdictional context.
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.