Legal person

In law, a legal person is any person or legal entity that can do the things a human person is usually able to do in law – such as enter into contracts, sue and be sued, own property, and so on. The reason for the term "legal person" is that some legal persons are not human persons: companies and corporations (i.e., business entities) are persons, legally speaking (they can legally do most of the things an ordinary person can do), but they are not, in a literal sense, human beings. Legal personhood is a prerequisite to legal capacity (the ability of any legal person to amend – i.e.

Extends: [Legal entities](https://wikipedia.org.ai/Legal entities), [Corporate law](https://wikipedia.org.ai/Corporate law), [Financial law](https://wikipedia.org.ai/Financial law), [Business economics](https://wikipedia.org.ai/Business economics), [Business terms](https://wikipedia.org.ai/Business terms)