What Is a Legal Entity Name?

Answer

A legal entity name is a description of a business in terms of; a sole trader, partnership or limited company. Once a business gets a legal entity name, it can enter into a contract, and be sued for failure to comply with the terms of the contract.
Q&A Related to "What Is a Legal Entity Name?"
1. Choose a name for your business. Conduct a name search to be sure that no other person or company is using that name. Check with the county clerk's office in your area and check
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A business has a separate legal identity from its owners. It can start legal action against another business or individual in order to protect itself. Other businesses and individuals
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Partnership, corporation, or other organization having the capacity to negotiate contracts, assume financial obligations, and pay off debts. In contrast with natural persons, legal
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