what is seperate legal existence
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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.
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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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