Define: Business Entity

UK Accounting Glossary

Definition: Business Entity

Quick Summary of Business Entity

A business which exists independently of it’s owners.


Examples of Business Entity in a sentence

If you run your own company, you should consider setting up a limited liability business entity.

Synonyms For Business Entity

economic unit, commercial entity, trading entity, merchant, business party

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Business Entity. Payroll & Accounting Heaven Ltd. February 28, 2020
Chicago Manual of Style (CMS):
Business Entity. Payroll & Accounting Heaven Ltd. (accessed: February 28, 2020).
American Psychological Association (APA):
Business Entity. Retrieved February 28, 2020, from website:

Definition Sources

Definitions for Business Entity are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.