Social:Separate legal entity

From HandWiki

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

  1. ↑ "Separate Legal Entity". http://accountant4me.com/sep_entity.htm. 
  2. ↑ "A Two-Edged Sword: Salomon and the Separate Legal Entity Doctrine". http://www.murdoch.edu.au/elaw/issues/v7n3/puig73a_text.html. 

See also

  • Types of business entity




Retrieved from "https://handwiki.org/wiki/index.php?title=Social:Separate_legal_entity&oldid=1038849"