Legal Entity

2015 07 01 | Category: Offshore Glossary

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Legal Entity (Legal Person) – A legal entity (LE) exists independently from its members, founders or shareholders. Generally, the liability is limited to the assets a LE owns, and the personal property of the members, founders or shareholders may not be seized by the creditors. A LE has many features of a natural person, e.g. it may hold property, suit other legal and natural persons, and be responsible in a court for its acts and deeds.


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