Economy, asked by niharika7035, 11 months ago

what is seperate legal existence​

Answers

Answered by nishika66
2

Answer:

Separate Legal Existence. Definition: As an entity that is separate from its owners, the corporation acts under its own name rather than n the name of its shareholders.

Answered by MVaishuR
0

Answer:

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Separate legal existence.

Explanation:

The legal entity, typically a bussiness, 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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