WHAT IS ONE THAT IS A PHYSICAL AND MORAL PERSON? - CULTURE VOCABULARY - 2025

A physical person is a physical subject that exists, every living human being. For their part, legal entities are legal entities that are legally constituted for any purpose. The latter are also called legal persons.

The latter are made up of various natural persons, but the characteristics they have before the law are totally different, since they are regulated by the legislation in force in each country.

This type of distinction between the two types of people is applicable at fiscal or legislative levels, since morals must always be constituted in accordance with the law to exist.

What are natural persons?

Natural persons are, in general, all individuals that exist. However, when faced with morals, he usually refers to their legal and legal definition.

In this area, natural or natural persons are those real individuals who have the possibility of acquiring rights and responsibilities in accordance with the law.

It is Roman law that first establishes this concept, stating that it refers to all individual persons.

What are moral persons?

Unlike the previous ones, moral or legal persons are entities created by individuals in order to carry out some activity. They can be companies, associations or foundations.

To be established, they need a legal act that gives them legal personality, from that moment on to have legal rights and obligations.

Obviously, the creators of these legal entities are all natural persons, but the law establishes different treatment for them. This is clearly seen in the tax or civil liability issue.

Differences

The best way to understand the definitions of both concepts is to contemplate the differences between them. The first is very simple: physical persons are all individuals from birth, while morals are entities created to achieve an end.

Name or Social reason

Another difference that can be pointed out is that physical persons, each human being, has their name that identifies them.

For their part, the morals what they have is a company name, which includes the name of their company, their address and their tax identification number.

Ability to acquire obligations

One of the main differences between the two people is the ability to acquire legal obligations. Thus, natural persons enjoy rights from birth, as are those of each child.

However, each country has established an age (the age of majority) from which you can incur more obligations and acquire more responsibilities.

Meanwhile, legal entities have that power from the moment it is established as such. In fact, in most cases, it is the reason for its creation.

nationality

Although it varies according to national laws, natural persons can have more than one nationality depending on their circumstances.

For its part, even with national differences, this is not always the case with legal entities. For example, in Mexico, any legal entity created in the country will always and only be Mexican.

Taxation

The differences pointed out in other points remain on the subject of the tax declaration. While not all natural persons (for example, children) must file their tax returns, this is the case with legal entities.

Furthermore, the treatment, rights and obligations in this regard are very different in both cases.

References

1. Click Balance. 6 differences between a natural person and a legal person. Retrieved from clickbalance.com
2. Universia Mexico. Physical person vs legal person: why are they different? Obtained from noticias.universia.net.mx
3. Quintana Adriano, Elvia. Natural Person, Juridical Person and Legal Personhood. Recovered from sciencedirect.com
4. Cornell Law School. Legal person. Retrieved from law.cornell.edu
5. Kumar, Sanjib. What are the differences between Natural Person and Legal Person ?. Retrieved from publishyourarticles.net