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Legal personality
To have legal personality means to be capable of having legal rights and obligations within a certain legal system, such as entering into contracts, suing, and being sued. Legal personality is a prerequisite to legal capacity, the ability of any legal person to amend (enter into, transfer, etc.) rights and obligations. In international law, consequently, legal personality is a prerequisite for an international organization to be able to sign international treaties in its own name.

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Types of business entity
A business entity is an entity that is formed and administered as per commercial law in order to engage in business activities, charitable work, or other activities allowable. Most often, business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries. These include corporationscooperativespartnershipssole traderslimited liability company and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province. Some of these types are listed below, by country. For guidance, approximate equivalents in the company law of English-speaking countries are given in most cases,for e.g.
˜ public limited company (UK and Ireland)
˜ Ltd. (UK and Ireland)
˜ limited partnership,
= Unlimited partnership
= Chartered company
= Statutory company
= Holding company
= Subsidiary company
= One man company
= NGOs

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