Entity Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Entity, written in plain English, along with examples of how it is used.
What is Entity?
n. a general term for any institution, company, corporation, partnership, government agency, university or any other organization which is distinguished from individuals.
History and Meaning of Entity
An entity is a broad term used to describe any organization or institution that is legally recognized as being separate and distinct from the individuals who make it up. The term can apply to a wide range of entities including corporations, partnerships, government agencies, and nonprofit organizations.
The concept of an entity has been central to modern legal systems for centuries, as it allows businesses and other organizations to function independently of the individuals who control them. By creating a legal entity, individuals can pool resources and work together towards a common goal without creating personal liability for the actions of others within the organization.
Examples of Entity
- Apple Inc: A multinational technology company that is recognized as a legal entity.
- United Nations: An international organization established through agreements between member states and recognized as a unique legal entity.
- National Institutes of Health: A government agency that is defined as a legal entity, separate from individual employees or directors.
Legal Terms Similar to Entity
- Corporation: A specific type of legal entity that is formed under corporate law.
- Partnership: A type of entity formed by individuals who come together to form a business.
- Nonprofit organization: An entity that is recognized as being organized for the purpose of serving the public good without seeking personal profit.