Juridical Person
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A Juridical Person is a legal person that provides legal recognition (through statutory mechanisms).
- AKA: Artificial Person, Corporate Person, Judicial Person, Juridical Entity, Juridic Person, Juristic Person.
- Context:
- It can (typically) establish Legal Status through incorporation and statutory recognition.
- It can (typically) maintain Legal Identity through entity separation from its members.
- It can (typically) exercise Legal Rights through jurisdictional frameworks.
- It can (typically) conduct Business Operations through contractual agreements.
- It can (typically) own Property Assets through legal titles.
- It can (typically) engage in Legal Actions through court proceedings.
- It can (typically) distribute Financial Liability through stakeholder allocations.
- It can (often) raise Capital Investment through share issuance and funding mechanisms.
- It can (often) extend Operational Presence through jurisdictional expansion.
- It can (often) maintain Perpetual Existence through succession planning.
- It can (often) establish Governance Structure through organizational frameworks.
- It can (often) develop Compliance Systems through regulatory requirements.
- ...
- It can range from being a Simple Legal Entity to being a Complex Legal Entity, depending on its structural complexity.
- It can range from being a Domestic Legal Entity to being an International Legal Entity, depending on its jurisdictional scope.
- It can range from being a Private Legal Entity to being a Public Legal Entity, depending on its ownership structure.
- It can range from being a For-Profit Entity to being a Non-Profit Entity, depending on its operational purpose.
- ...
- Examples:
- Commercial Entitys, such as:
- Business Corporations, such as:
- Financial Institutions, such as:
- Non-Profit Entitys, such as:
- Government Entitys, such as:
- International Organizations, such as:
- Historical Entitys, such as:
- ...
- Commercial Entitys, such as:
- Counter-Examples:
- Natural Persons, which are human beings rather than artificial entitys.
- Unincorporated Associations, which lack formal legal status and entity recognition.
- General Partnerships, which operate as aggregates of individuals without corporate status.
- Temporary Alliances, which lack permanent existence and legal continuity.
- Informal Groups, which operate without legal recognition or statutory frameworks.
- See: Legal Person, Corporation, Non-Profit Organization, Government Agency, International Organization, Entity Recognition, Corporate Law, Legal Status, Regulatory Compliance, Governance Structure.
References
2023
- (Wikipedia, 2023) ⇒ https://en.wikipedia.org/wiki/Juridical_person Retrieved:2023-9-1.
- A juridical person is a human legal person that is not a single natural person but an organization recognized by law as a fictitious person such as a corporation, government agency, non-governmental organisation, or international organization (such as the United Nations). Other terms include artificial person, corporate person, judicial person, juridical entity, juridic person, or juristic person. A juridical person maintains certain duties and rights as enumerated under relevant laws. The rights and responsibilities of a juridical person are distinct from those of the natural persons constituting it.
Since the beginning of writing at the start of recorded history, associations have been known as the original form of the juridical person. This is documented for the 1st century A.D. for Jewish trading companies.In Roman law, entities gained significance through institutions such as the state, communities, corporations (universitates) and their associations of persons and assets, as well as associations. At least three persons were required in Rome to found an association.
- A juridical person is a human legal person that is not a single natural person but an organization recognized by law as a fictitious person such as a corporation, government agency, non-governmental organisation, or international organization (such as the United Nations). Other terms include artificial person, corporate person, judicial person, juridical entity, juridic person, or juristic person. A juridical person maintains certain duties and rights as enumerated under relevant laws. The rights and responsibilities of a juridical person are distinct from those of the natural persons constituting it.