What is meant by Separate legal entity of a company

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This is Chapter 1 about Capital Share and we are going to learn about Company business. Let me share the meaning of separate legal entity of a company.

It means that the company and its owners live independently company work on its own name. It is not affected with the death or insolvency of any shareholder .

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#Legalentity #Company #Jointstock
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thank you so much atleast concept is clear

hammadmunawar