What is Legal Entity?
1- What is legal entity?
Legal entity is a person or a community of commodities that are established with a specific purpose and have an independent legal personality, also the power to possess right, commodity and debt.
2- Which commodities can be given as the examples of legal entities?
Limited Companies
Joint-stock companies
Associations
Foundations
Cooperatives
Unions
Political Parties
Sports Clubs
3-Who represents legal entities?
Real people, who compose the above mentioned legal entities, were chosen and represent the legal entities within a specific frame.
4- How Legal entities are composed?
The real people who compose legal entities come together with a common purpose and they apply to the proper authorities and the community is shaped in the eyes of law.
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