The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

BUSINESS ENTITY CONCEPT Definition & Legal Meaning

Definition & Citations:

The concept that assumes that accounting applies to individual economic units and that each unit is separate and distinct from the persons who supply its assets.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.