An entity that is formed and administered as per commercial law in order to engage in business activities. Business entities are formed to sell a product or a service. There are many types of business entities defined in the legal systems of various countries; corporations, cooperatives, partnerships, sole traders, Limited Liability Company and other specifically permitted and labelled types of entities. Some of these types are listed below. Public Limited Company (UK and Ireland), Ltd. (UK and Ireland), Limited Partnership, Unlimited Partnership, Chartered Company, Statutory Company, Holding Company, Subsidiary Company, One Man Company, NGO's, PTE, S.A.