Entity

Entity means:
the legal form under which property is owned. The benefits and risks of owning a business or property may vary depending on the entity that is formed. Options include a corporation or an S corporation, individual ownership, a joint venture, a limited partnership, a partnership, and a real estate investment trust. See legal entity.

U.S. and other Developed Countries International Tax Meaning

In general for tax purposes, an Entity is an organization, person or party that possesses separate existence. Options include corporations, partnerships, estates and trusts.