A legally recognized organization that is formed to conduct business. It can take various forms such as a sole proprietorship, partnership, or company.
A business entity
An entity (such as a company or organization) that has legal rights and obligations, similar to those of a natural person, including the capacity to enter into contracts and sue or be sued.
A legal person
A group of individuals elected by shareholders to manage and oversee the affairs of a company.
The board of directors
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