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Separate legal entity - Wikipedia


In the United States, a separate legal entity or SLE refers to a type of legal entity with detached accountability. A business can be set up as an SLE to legally separate it from the individual or o...

What is separate legal entity? definition and meaning ...


Definition of separate legal entity: A legal entity, typically a business, that is defined as detached from another business or individual with respect to ...

What does "separate legal entity" mean in law? | Reference.com


As stated by BusinessDictionary.com, a separate legal entity is a business that ... as separate from those of an individual person, the company's shareholders or ...

A Two-Edged Sword: Salomon and the Separate Legal Entity Doctrine


The recognition that a corporation is a separate legal entity in its own right is the ... aggregate theorists who praise the role of the Salomon principle in assisting the ... liability reduces the need to monitor management and other shareholders.

CORPORATIONS ACT 2001 - SECT 1.5.1 What registration means


1.1 Separate legal entity that has its own powers ... law is concerned, a company has a separate legal existence that is distinct from that of its owners, managers, ...

The Veil Doctrine in Company Law – LLRX


Sep 29, 2007 ... It is worthy of note that although a separate legal entity, a company or corporation can .... Secondly, it established the important doctrine that shareholders under .... of which he was both the manager and the main shareholder.

The separate entity principle | Law Teacher


The Separate Entity Principle is a fundamental principle of Company Law applied ... Separate Entity Principle, Management of business is separated from shareholders ... Indeed, it means that the fact of its incorporation will be ignored for the ...

A company is an artificial person created by law | Law Teacher


Abstract The incorporation of a company is an artificial entity recognized by the ... of the shareholders is limited to the value of the shares held by them, it means if a ... Firstly, a limited company has a legal existence separate from management ...

Separate legal personality - Uni Study Guides


Nov 3, 2013 ... The idea of a company is that it has a separate legal personality to its members or directors. ... claims - the fact that the company has a separate identity partitions this asset ... private companies where the shareholders and directors are pretty much ... Another important case was Lee v Lee's Air Farming Ltd :.

Corporation Definition | Investopedia


A legal entity that is separate and distinct from its owners. ... from jurisdiction to jurisdiction, the most important aspect of a corporation is limited liability.