Entity:

An entity is often an organization with an existence separate from its individual members–for example, a corporation, partnership, trust, estate or government agency.

The entity is treated like a person; it can function legally, be sued, and make decisions through agents.

Legal Definitions Related to Entity

• S corporation

  A term that describes a profit-making corporation organized under state law whose shareholders have applied for and received subchapter S corporation status from the Internal ...

• Corporation

  A legal structure authorized by state law that allows a business to organize as a separate legal entity from its owners. A nonprofit is often ...

• Small entity

  According to the U.S Patent and Trademark Office (PTO), a for-profit company with 500 or fewer employees, a nonprofit organization or an independent inventor. The ...

• Party

  A person, corporation or other legal entity that files a lawsuit (the plaintiff or petitioner) or defends against one (the defendant or respondent).

• Greenmail

  A situation in which a person or entity buys enough stock in a company to threaten a hostile takeover. The person or entity can greenmail ...