Delaware CERTIFICATE of REPRESENTATION FOR AN ARTIFICIAL ENTITY OR PUBLIC BODY (FORM 50)
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How to fill out Delaware CERTIFICATE Of REPRESENTATION FOR AN ARTIFICIAL ENTITY OR PUBLIC BODY (FORM 50)?
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FAQ
Corporations. Trusts. Sole proprietorships. Non-profit organizations and charities. Limited liability companies. Various other types of business forms.
A person or organization possessing separate and distinct legal rights, such as an individual, partnership, or corporation. An entity can, among other things, own property, engage in business, enter into contracts, pay taxes, sue and be sued.
Company. A company business structure is a separate legal entity, unlike a sole trader or a partnership structure. This means the company has the same rights as a natural person and can incur debt, sue and be sued. As a member you're not liable (in your capacity as a member) for the company's debts.
Generally speaking, there are three basic types of legal entities in which business can be conducted: (1) sole proprietorship, (2) partnership, and (3) corporation.
A company is called an artificial person because it does not possess the body of a natural being. It cannot breathe , eat , run , talk and so on .
A legal entity is any company or organization that has legal rights and responsibilities, including tax filings. It is a business that can enter into contracts either as a vendor or a supplier and can sue or be sued in a court of law.
Both terms are defined as: any individual, branch, partnership, associated group, association, estate, trust, corporation, or other organization (whether or not organized under the laws of any State), and any government (including a foreign government, the United States Government, a state or local government, and any
A legal entity that is not a human being but for certain purposes is considered by virtue of statute to be a natural person. A corporation is considered an artificial person for Service of Process. Corporations are such artificial persons.
A separate legal entity is a person recognised by law - a "legal person".That person could be a company, limited liability partnership, or any other entity recognised by law as having its own separate legal existence. An incorporated entity - such as a company - is a separate legal entity.