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A legal entity is not necessarily distinct from the natural persons of which it is composed. Most legal entities are simply amalgamations of the persons that make it up for convenience's sake. A legal entity that does have a separate existence from its members is called a Corporation . This distinction gives the corporation its unique perpetual Succession privilege and is also the source of the Limited Liability of corporate members. Some other legal entities also enjoy limited liability of members, but not on account of separate existence. Some examples of legal entities include:
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