In law and the business world, the terms "Legal person" and "Natural person" are frequently heard expressions. These terms represent the legal status and legal capacities of individuals. In this article, I will define the concepts of legal entity and natural person and explain the differences between them.
What is the Legal Person? (Tüzel Kişilik)
A legal person refers to a corporate or commercial entity that is legally recognized, has rights and obligations, and can transact on its own behalf. Legal entities can include companies, foundations, associations, cooperatives, public institutions, and other organizations.
Legal entities are established by laws and can enter into contracts, acquire property, sue, and be sued on their own behalf. These organizations can exist and manage their assets independently. For example, the assets and liabilities owned by a company are under the legal entity of the company and separate from the natural person who owns the company.
What is the Natural Person? (Gerçek Kişilik)
A natural person refers to individuals who exist naturally. People are natural persons and unlike legal entities, they possess natural rights and legal capacities. Natural persons protect the personal rights and freedoms of individuals and are liable under the law. Natural persons can acquire property, enter into contracts, sue, and be sued.
How about Differences Between Them?
The fundamental differences between legal entity and natural person are as follows:
Formation
Legal entities are established by laws and require a legal procedure, whereas natural persons are individuals who exist naturally.
Legal Capacity
Legal entities have the ability to transact on their own behalf and have rights and obligations. Natural persons have personal rights and freedoms and are liable under the law.
Existence
Legal entities can exist and be managed independently, while natural persons are the natural beings of individuals.
Responsibility
Due to their ability to transact on their own behalf, legal entities are bound by the debts and responsibilities they incur. Natural persons are individually responsible.
Legal person and natural person are expressions of different legal statuses in the world of law. Legal entities represent corporate and commercial entities, while natural persons represent individuals who exist naturally. The differences between these concepts are based on factors such as formation process, legal capacities, existence, and responsibility. It is important to seek assistance from a legal expert to better understand legal matters and ensure taking the right steps.
In law and the business world, the terms "Legal person" and "Natural person" are frequently heard expressions. These terms represent the legal status and legal capacities of individuals. In this article, I will define the concepts of legal entity and natural person and explain the differences between them.
What is the Legal Person? (Tüzel Kişilik)
A legal person refers to a corporate or commercial entity that is legally recognized, has rights and obligations, and can transact on its own behalf. Legal entities can include companies, foundations, associations, cooperatives, public institutions, and other organizations.
Legal entities are established by laws and can enter into contracts, acquire property, sue, and be sued on their own behalf. These organizations can exist and manage their assets independently. For example, the assets and liabilities owned by a company are under the legal entity of the company and separate from the natural person who owns the company.
What is the Natural Person? (Gerçek Kişilik)
A natural person refers to individuals who exist naturally. People are natural persons and unlike legal entities, they possess natural rights and legal capacities. Natural persons protect the personal rights and freedoms of individuals and are liable under the law. Natural persons can acquire property, enter into contracts, sue, and be sued.
How about Differences Between Them?
The fundamental differences between legal entity and natural person are as follows:
Formation
Legal entities are established by laws and require a legal procedure, whereas natural persons are individuals who exist naturally.
Legal Capacity
Legal entities have the ability to transact on their own behalf and have rights and obligations. Natural persons have personal rights and freedoms and are liable under the law.
Existence
Legal entities can exist and be managed independently, while natural persons are the natural beings of individuals.
Responsibility
Due to their ability to transact on their own behalf, legal entities are bound by the debts and responsibilities they incur. Natural persons are individually responsible.
Legal person and natural person are expressions of different legal statuses in the world of law. Legal entities represent corporate and commercial entities, while natural persons represent individuals who exist naturally. The differences between these concepts are based on factors such as formation process, legal capacities, existence, and responsibility. It is important to seek assistance from a legal expert to better understand legal matters and ensure taking the right steps.