2. What I am going to talk about
1. What is a Legal Entity?
2. The main features of a Legal Entity
3. Types of a Legal Entity
3. What is a Legal Entity?
Legal Entity - a company or organization that has legal rights and
responsibilities, for example the right to make contracts and the
responsibility to pay debts
4. Legal Entity
A Legal Entity has an official name and certain rights, remedies,
privileges, obligations and responsibilities under the law similar to
those of an individual. The concept of a legal entity is a
fundamental legal fiction.
5. The main features of a Legal Entity are
● Availability of segregated property
● Each legal entity has its own name
● The legal entity must have a location
● Ability to be a plaintiff or defendant in court
● Legal entity is an entity (as well as sole proprietorship)
6. Types of Legal Entity in Ukraine
Business
associations
Non-business partnerships
7. Types of Legal Entity in Ukraine
Business associations
● General partnership
● Limited partnership
● Limited liability company
● Superadded liability company
● Open Joined-Stock Company
● Closed Joined-Stock
Company
Non-business partnerships
● Cooperative
● The service cooperatives
● Consumers' co-operative
● Non-governmental organization
● Credit union
● Political party
8. Summary
● Legal Entity - a company or organization that has legal rights and
responsibilities
● The main features of a Legal Entity are:
● Two categories of juridical persons - Business associations and Non-
business partnerships