Glossary:Legal unit

Legal units include:

• legal persons whose existence is recognized by law independently of the individuals or institutions which may own them or are members of them,
• natural persons who are engaged in an economic activity in their own right.

The legal unit always forms, either by itself or sometimes in combination with other legal units, the legal basis for the statistical unit known as the enterprise.

Related concepts

• Statistical unit
• Enterprise

Source

• Regulation 696/1993 of 15 March 1993 on the statistical units for the observation and analysis of the production system in the Community