Legal entity
12.07.2013 09:26

Legal entity

1) A business organization that is given its own legal persona (ie separate to that of its owners) by being incorporated as a limited liability company (Ltd) - or a public limited company (pic) - under the Companies Acts. It can be prosecuted and sued as such.

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.140 (288 p.)


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