You must meet the following educational requirements set by Pennsylvaniaâs State Board of Accountancy in order to become a licensed CPA: 1  Possess a minimum of a bachelorâs degree and complete 150 semester hours of education, that incorporates 24 semester hours in accounting, to include:
Quick Answer. A legal entity name is a term that refers to a group of real people, called natural persons, that acts as one entity for legal matters. Examples of such legal matters include contracts or lawsuits. Legal entities include corporations, unions and political parties. Continue Reading
Popular Terms. A legal entity, typically a business, that is defined as detached from another business or individual with respect to accountability. A separate legal entity may be set up in the case of a corporation or a limited liability company, to separate the actions of the entity from those of the individual or other company.