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Incorporated companies have separate legal identities from there directors and member (shareholders). They are recognized as legal persons.

Q: What does separate legal personality mean?

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Incorporated companies have separate legal identities from there directors and member (shareholders). They are recognized as legal persons.

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what is a separate legal entity for a corporation?

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Yes, but it is not a separate legal entity, it is not separate from the owner, like a corporation is.

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A corporation is an institution recognised a separate legal entity distinct from its members.

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A business organized as a separate legal entity owned by stockholders is a partnership.

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