The difference between a legal entity and an individual? A commercial and non-profit organization?
| October 26, 2020 | Education
A natural person is liable for his obligations with all property belonging to him.
A legal entity is an organization that has separate property and is responsible for its obligations.
Commercial organizations pursue the goal of generating profit as the main goal of their activities.
Nonprofit organizations do not set themselves the goal of making a profit and do not share the received profit between the participants.
Remember: The process of learning a person lasts a lifetime. The value of the same knowledge for different people may be different, it is determined by their individual characteristics and needs. Therefore, knowledge is always needed at any age and position.