A legal entity structure identifies the different business structures used to conduct a business, such as a corporation, limited liability company, partnership, or sole proprietorship. It defines the relationships and roles between key stakeholders, as well as how they interact within the business. A legal entity structure also outlines the ownership rights and obligations of each stakeholder and determines the financial, tax, and organizational requirements of conducting business. It provides a framework to ensure that all parties are operating in compliance with applicable laws and regulations.