BUSINESS
A business entity is a legal person separate from its owners. The entity's property is not the owner's property. The entity's obligations are not automatically the owner's obligations. The question is always: are we talking about the person or the entity?
Filled nodes link to wiki entries. Outlined nodes are stations on this line — wiki entries coming.
Interchange means the concepts are related — not that the domains or concepts are legally identical.
Officers, directors, and members act in defined capacities. Authority comes from governing documents and applicable law.
The entity owns its own property. Owner proximity to entity property does not establish personal ownership.
Entities enter contracts through authorized agents. The entity — not the agent — is typically the contracting party.
Equity interests, distributions, and debt obligations connect business entities to the money and equity domain.
Sci-Finance™ analytical concepts — not governing-law terminology.
Who are the parties — the person or the entity? What did they intend? What is the subject matter?
What is the entity? What interests, rights, and obligations exist inside it?
Does the owner's proximity to the entity's property establish personal ownership — or not?
Is this person acting as an individual or in a capacity on behalf of the entity?
Vel Xenon LII provides general legal information and educational material, not individualized legal advice. Law varies by jurisdiction and changes over time. Consult the underlying authorities and, when appropriate, a qualified professional for advice concerning a particular situation.