From Wikipedia, the free encyclopedia Separate Legal Entity
Separate Legal Entity
In the United States a Separate Legal Entity or SLE refers
to a type of legal entity with detached accountability. A
References
business can be set up as an SLE to legally separate it [1] Separate Legal Entity, http://accountant4me.com/
from the individual or owner, such as a limited liability sep_entity.htm, retrieved 19 December 2009
company or a corporation.[1][2] [2] A Two-Edged Sword: Salomon and the Separate Legal
If a business is a separate legal entity, it means it has Entity Doctrine, http://www.murdoch.edu.au/elaw/
some of the same rights in law as a person. It is, for exam- issues/v7n3/puig73a_text.html, retrieved 19
ple, able to enter contracts. In New Zealand, a company December 2009
is a separate legal entity from its owners (shareholders)
and can, for example, be sued, and enter into contracts
in the name of the company, not the shareholders. Sole
See also
traders and partnerships are not separate legal entities • Types of business entity
from the owners.
Retrieved from "http://en.wikipedia.org/w/index.php?title=Separate_Legal_Entity&oldid=435065276"
Categories:
• Legal entities
• United States law stubs
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