Definition: is an officially registered entity (an association, institution, individual, firm, government, or agency) that can be identified by a specific name and that exists to carry out a particular enterprise. A body corporate is a commonly accepted organizational type of administrative government in the UK since functions that were previously assigned to various ministers are now performed by different bodies and agencies. Alternatively, such an entity can be called a corporation.
In a Sentence:
Once I’ve found a satisfying amount of trustworthy individuals and formed a starting capital, I began the process of registering a body corporate.
Even though I’ve been studying law for three years, I still sometimes struggle with remembering which body corporate is responsible for what here in England.
It’s quite rare for a single person to establish a body corporate, but Randall did just that and, now, five years later, he’s a billionaire.
Synonyms and related words: corporation, corporate identity, corporate entity, corporate governance