The main difference is that a natural person consists of a single person, whereas a legal person can be composed of one or more persons. A legal person is characterized by the following characteristics (which differ from those of the natural persons who compose it): Basically, there are two forms of legal persons: In this article we want to clarify a very common question: what is the difference between natural person and legal person? We will try to get to the point and explain what you need to know. They are divided into legal persons under internal public law (acting within the country) and external persons (acting outside the country). As explained above, legal representation may exist with natural and legal persons and, in any event, the legal representative acts on behalf of his representative, so that he obliges him, as long as he does not exceed the parameters and conditions of the delegation of power entrusted to him. c. The natural person acts himself, while the legal person must act through his legal representative in order to be bound and perform the actions of the entrepreneurs. The Dictionary of Legal Spanish defines a legal person as “an institution endowed with its own independent personality and the full capacity to fulfil its objectives created by the laws or in accordance with the provisions thereof”. and. The legal person has its own assets, which are different from the assets of the partners; Therefore, in order to meet the obligations, the company is first necessary to react and comply with its assets and, failing that, with the partners. The natural person responds with all of his assets, which can be reconciled with all the assets of the company, its staff and his family.

As a legal entity, you do not act on a personal basis, but as a legal entity (company) that, as such, has rights and obligations, can sign contracts and be represented in and out of court. A legal person acts through its©legal representatives. Therefore, we first clarify that, from a legal point of view, a natural person refers to persons and a legal person refers to entities. As a natural person, you can carry out any economic activity, be the driving force behind your own business and be responsible for it. A natural person acts in a personal capacity. Legal or legal persons and natural or natural persons differ from each other. Although they are both legal persons which, among other things, must fulfil certain obligations and enjoy certain rights, there is a significant difference in the scope or limits of those obligations and rights. According to the Colombian Civil Code, a natural person is any person “without distinction as to age, sex, descent or condition”. Financially, they respond with their name, identity card and even personal belongings. How many legal representatives can there be in a company? Some of the advantages of being an autonomous natural person are: A representative, that is, someone who represents another or another and who is legal, since his representation is in accordance with the law. A natural person is liable for debts and obligations on a personal level. The debts or obligations of a legal person are reduced to the assets of the company.

The Commercial Code regulates what is related to the legal representation of commercial companies, but in general, the agent can sign contracts, assume obligations, comply, claim the rights of the representatives, etc. Legal representation is usually provided by an authentic instrument, although this is not always necessary. A natural person may exercise all the duties and rights of a company on his behalf. In the case of a legal person, it is the company itself that assumes all rights and obligations. A natural person does not need to prove his capital to start his activity. On the other hand, a legal entity needs capital for its constitution, which can be in commodities or money. In general, two types of legal entities are classified: those under public law and those under private law. A self-employed person is a natural person because he carries out an economic activity individually and on his own account.

It is an entity composed of one, two or more persons exercising rights and performing obligations on behalf of the incorporated company. Can the legal representative sell a business even if he or she is not the owner? It doesn`t matter! It is normal that you do not know certain legal terms. There are many people in your same situation who have to face doubts of this kind every day. In addition, a natural or natural person is qualified to provide professional services, carry out business activities, own or rent property, get married, work for a salary, etc. When we talk about entrepreneurship, economics and business, the term legal entity always comes up, which is not strange or new for those who have thought about it or have already done so. At the same time, the term natural person is always present in the documentation. So what is the difference between a natural person and a legal person? d. The natural person is identified by his identification number and the DIAN assigns him a nit, which is the same identification number with an additional number. The legal person is identified by the certificate of existence and legal representation and the NIT assigned to it by DIAN.