If a business is a separate legal entity, it means it has some of the same rights in law as a person. It is, for example, able to enter contracts, sue and be sued, and own property. A sole trader or partnership does not have a separate legal entity.
Referencesedit
^ "Separate Legal Entity". Retrieved 19 December 2009.
^"A Two-Edged Sword: Salomon and the Separate Legal Entity Doctrine". Retrieved 19 December 2009.
separate, legal, entity, united, states, separate, legal, entity, refers, type, legal, entity, with, detached, accountability, company, legally, separate, from, individual, owner, such, limited, liability, company, corporation, business, separate, legal, entit. In the United States a separate legal entity SLE refers to a type of legal entity with detached accountability Any company is set up as an SLE to legally separate it from the individual or owner such as a limited liability company or a corporation 1 2 If a business is a separate legal entity it means it has some of the same rights in law as a person It is for example able to enter contracts sue and be sued and own property A sole trader or partnership does not have a separate legal entity References edit Separate Legal Entity Retrieved 19 December 2009 A Two Edged Sword Salomon and the Separate Legal Entity Doctrine Retrieved 19 December 2009 See also editTypes of business entity nbsp nbsp This article relating to law in the United States or its constituent jurisdictions is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Separate legal entity amp oldid 1036861730, wikipedia, wiki, book, books, library,
