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Business wiki · Company and governance

Entity

The legal or business person that contracts, holds registrations and carries the relevant responsibility.

Search terms: legal entity business structure

A business example

A shop trades as Bluebird Supplies, but its contract names Bluebird Trading Private Limited.

How the roles connectFictional business scenario
  1. Brand

    Bluebird Supplies is the name customers see on the shopfront.

  2. Contracting person

    The agreement identifies Bluebird Trading Private Limited as the supplier.

  3. Record match

    Invoices, bank details and registrations are checked against the legal supplier.

What this shows

A familiar trading name helps recognition. The legal name tells the customer which person is undertaking the contract.

What it is often confused with

A brand name is not necessarily the legal person responsible for a contract.

What to look at in your business

Match contracts and registrations to the actual legal person.

Context and further reading

This entry explains the business term. The related guide below provides the next layer of context; any applicable legal test depends on the transaction and relevant period.

Company vs LLP →

Related terms

LLP

An incorporated business structure with partners and a separate legal identity under the LLP framework.

Memorandum of association

A company's constitutional document setting out matters such as its name, objects and capital framework.