Legal entity

Any individual, partnership, proprietorship, corporation, association or other organization that has, in the eyes of the law, the capacity to make a contract or an agreement and the abilities to assume an obligation and to pay off its debts. A legal entity, under the law, is responsible for its actions and can be sued for damages.

The Family Limited Partnership Deskbook, Second Edition: Forming and Funding FLPs and Other Closely Held Business Entities (Family Limited Partnership Deskbook: Forming & Funding Flps & Other)

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Corporations and Other Limited Liability Entities and Partnerships: Statutory Supplement to Corporations and Other Business Enterprises, 2007-2008 Edition (American Casebook)

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An Estate Planner's Guide to Family Business Entities, 2nd Edition: Family Limited Partnerships, Limited Liability Companies, and More

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