Question

what do you mean by business as separate legal Entity ​

Answer 1

Answer:

A legal entity, typically a business, that is defined as detached from another business or individual with respect to accountability. A separate legal entity may be set up in the case of a corporation or a limited liability company, to separate the actions of the entity from those of the individual or other company.

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Answer 2

Answer:

If a business is a separate legal entity, it means it has some of the same rights in law as a person. It is, for example, able to enter contracts, sue and be sued, and own property.Sole trader and partnership does not have separate legal entity.

Explanation:

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