What is Legal entity?
A '''legal entity''' is a [[legal]] construct through which the law allows a group of [[natural person]]s to act as if they were a single [[person]] for certain purposes. The most common purposes are [[lawsuit]]s, [[property]] [[ownership]], and [[contract]]s. A legal entity is not always something else than the natural persons of which it is composed as one can see with a [[company]] or [[corporation]]. Some examples of legal entities include: * [[company|companies]] * [[cooperative]]s (co-ops) * [[corporation]]s * [[municipality|municipalities]] * [[natural person]]s * [[political party|political parties]] * [[sovereign]]s * [[state]]s * [[temple]]s, in some legal systems, have separate legal personality<ref>''Williams v The Shipping Corporation of India'' (US District Court, Eastern District Virginia), 10 March 1980, 63 ILR 363</ref> * [[trade union]]s * [[ship]] or [[vessel]] ==Limitations== There are limitations to the legal recognition of artificial persons. Legal entities cannot [[marriage|marry]], they cannot [[vote]] or hold [[public office]], and in most jurisdictions there are certain positions which they cannot occupy.<ref>These restrictions vary from country to country. Some countries do not permit a corporate entity to be a [[Board of directors|director]] or a [[liquidator (law)|liquidator]] while others do.</ref> The extent to which a legal entity can [[Corporate crime|commit a crime]] varies from country to country. Certain countries prohibit a legal entity from holding [[human right]]s; other countries permit artificial persons to enjoy certain protections from the state that are traditionally described as human rights.<ref>Most commonly in the area of [[taxation]] and in relation to [[search warrant]]s.</ref> examples of legal entities are - sole traders -partnerships - trusts - private and public company Recently, in India, a company despite being artificial person has got court stay, from High Court Jaipur Bench against an employee seeking justice in labour court.<ref>{{cite web | u