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Legal entity

Andrey Pigulko, 111i, KNEU

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Legal entity

  1. 1. Legal Entity Concepts, features and types
  2. 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. 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. 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. 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. 6. Types of Legal Entity in Ukraine Business associations Non-business partnerships
  7. 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. 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
  9. 9. Thank you for your attention! Andrey Pigulko

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