The concept of “Legal entity” does not exist in Roman law. But at that time there were corporations, for the formation of which there had to be at least three founders. Much later in the 19th century, the legal entity began to exist and have a legal form. It is recognized s a commercial company. One of its advantages is the capital structure, the capital enables large funds collected as resources to ndependently satisfy the interests of the enterprise. Each legal entity is represented by a manager or managers, their goal is to ationally distribute the wealth of the company.A legal entity can separate property that varies over time to different degrees. 

The roperty is tangible and intangible, the company operates with it to multiply its funds. A legal entity is an independent entity with responsibility and obligations.

According to their types, they are legal entities subject to public law created by state acts, for example, state institutions, municipalities, and the rest of the entities directed to private law. Here the subjects are divided into two sub-types with economic purpose and are mainly subject to commercial law and non-profit aimed at civil law. Organizations with cultural, scientific, religious, political activities in other countries are considered as such.

Corporations have as members individuals and/or legal entities with established legal relations between them. The legal entity acts according to the current legislation, it is created in a certain order, the statute is mandatory, it contains the address and registered office of the legal entity, with a business purpose it describes what it will deal with.