Any person, group of people, or organization with legal rights and responsibilities pertaining to contracts, agreements, payments, fines, etc. is considered a legal entity. Any organization established in accordance with the rules and legislation of the Indian government is referred to as a legal entity. Different categories of legal entities exist, each with unique rights and obligations. The most prevalent kind of legal entities in India are companies that are registered under the Companies Act 2013. Here are a few examples of legal entities:
- Partnership between Private Limited Companies and Public Limited Companies
- Partnership with Limited Liability and Sole Proprietors
- One-Person Business
