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by wpietri
3082 days ago
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I agree what you're saying could be seen to fit inside some formal definition, although I'd see that as more a lacuna in a definition than proof. Do you have examples of things that are talked about as companies that are not also legal entities? I have been reading the business press for decades, and I don't recall ever seeing it. |
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Sole proprietorships are not legal entity. (Their owner is a “legal entity”, but the business itself is not separately.)
Partnerships were not generally legal entities in the US prior to states adopting 1997 revisions to the Uniform Partnership Act model law (only 37 of 49 states who adopted the original law, apparently, have adopted the 1997 revision); I'm not sure if any of the states that don't use the 1997 RUPA still don't make partnerships legal entities.