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what is a separate legal entity for a corporation?
Yes, but it is not a separate legal entity, it is not separate from the owner, like a corporation is.
A corporation is an institution recognised a separate legal entity distinct from its members.
A business organized as a separate legal entity owned by stockholders is a partnership.
YES!
No, a partnership firm has no legal entity. Registering the partnership firm means registering the partnership relation. firm has no separate legal entity.
corpation
yes,
The accounting entity suggests that the owners funds are kept separate from the business's, The legal entity however considers them to be the same account when seizing assets for reasons such as debt
A legal entity is normally formed with formal registration (eg commercial registeratin) which is governed by an established law. However a consolidated entity is a REPORTING entity to provide users of financial statements with information about a legal entity (parent company) plus the financials of other entities (with separate legal entities) under their control.
Because they are a separate legal entity from the owner
false