In the United States, a separate legal entity (SLE) refers to a type of legal entity with detached accountability. Any company is set up as an SLE to legally separate it from the individual or owner, such as a limited liability company or a corporation.[1][2]
If a business is a separate legal entity, it means it has some of the same rights in law as a person.[3] It is, for example, able to enter contracts, sue and be sued, and own property.[4] A sole trader or partnership does not have a separate legal entity.[5]
See also
editReferences
edit- ↑ "Separate Legal Entity". Archived from the original on February 16, 2009. Retrieved 19 December 2009.
- ↑ "A Two-Edged Sword: Salomon and the Separate Legal Entity Doctrine". Archived from the original on August 21, 2006. Retrieved 19 December 2009.
- ↑ "FAQs: Corporations & Business Entities". Department of State. Retrieved 2026-04-29.
- ↑ "entity". LII / Legal Information Institute. Retrieved 2026-04-29.
- ↑ "Choose a business structure | U.S. Small Business Administration". www.sba.gov. Retrieved 2026-04-29.
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