What is another word for legal entities?
Pronunciation: [lˈiːɡə͡l ˈɛntɪtiz] (IPA) 
Legal entities refer to organizations that are recognized by law as having a separate existence from its owners. Some synonyms for legal entities include entities, corporations, companies, firms, associations, partnerships, trusts, institutions, and organizations. These entities are created for various purposes, such as conducting business activities, holding assets, and managing financial liabilities. They have legal rights, responsibilities, and obligations, and can enter into contracts, sue or be sued, and own property. Different legal entities have different characteristics and requirements, and their formation and governance are determined by national and local laws. Understanding these synonymic terms and their nuances is crucial for individuals and businesses wishing to engage in legal and financial transactions.
