Features of a legal entity, concept and function.

Legal entity - it is not that other, as an organization, having in economic management, ownership or operational control of any separate property and their obligations with this property meet. That entity may, on its own behalf to acquire and exercise moral and economic rights to be a defendant and plaintiff in court, to bear responsibilities. Legal entities have an independent budget and a balance sheet.

Legal entity: concept, characteristics, classification.

Legal entities called special education, which has some specific characteristics, which are formed and terminated in a special order. 

Before considering the characteristics and types of legal entities, it is necessary to understand what are the functions of the Institute. First and foremost, a design collective interests. The Institute is a legal entity regulates, organizes the internal relations between the participants and converts their will to the will of the whole organization, allowing her to speak on their own behalf in civil turnover. The second function is an Association of capital. Have in mind that a legal entity (especially joint-stock company) is the optimal form for the long-term centralization of capital. The third function limitation of entrepreneurial risk. Property risk can be limited to a sum of the contribution to the total capital of a particular enterprise due to the design of the legal entity. The fourth function - the management of capital. This refers to the possibility of more flexible use of capital that belongs to the same person in different spheres of business activities. 

Signs of the legal entity - not that other, as the intrinsic properties inherent in it, and each of them is necessary. And all together the signs of the legal entity are sufficient to recognize the organizations subject to civil law. 

Legal entity in the Russian Federation must undergo the state registration procedure, and most of them have print, your Bank account, but it is only the external attributes that do not reflect the essence of the legal entity. 

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Currently, the signs of a legal entity are divided into four groups:

1. The legal entity exerts its organizational unity in a certain hierarchy and co-ordination of management bodies (collegial or sole) that make up its structure. In addition, it is shown in a clear and precise regulation of all relations between the parties. 

2. Signs of the legal entity continues to the next symptom: using separate property created the material base for the activities of this education. For any practical activities, you require the appropriate tools: knowledge, technology, money. On this basis, property isolation of the legal entity there is nothing like combining these tools in a property complex that belongs to the organization and delimitation of its belonging to other persons, assets.

3. The third criterion - any legal entities are only liable for their own obligations. 

4. The fourth characteristic - as a legal person acts in civil turnover solely in his own name, he has the opportunity to purchase, exercise civil rights, bear duties in its name. In addition, it can act as a defendant and plaintiff in court. This characteristic is considered final and is also the purpose for which the legal entity is actually created.