A legal person is a legal term that is used to indicate one of two types of legal entities.
A legal person is a legal term that, in addition to the term of a natural person (human being), is used to indicate one of two types of legal entities. Legal person has legal personality, ie capacity to have rights and obligations), and the legal capacity from the moment of its formation, which occurs by entry in the Commercial Register or other. When establishing a legal person, it is necessary to determine its name, which then enjoys legal protection, and the seat. Natural persons, the statutory authorities or authorized employees or members act on behalf of any legal person. The establishment of the legal person usually requires written agreement or memorandum.