What entity means when you're filling a form for buying a commercial building?

When filling out a form for buying a commercial building, the term "entity" typically refers to the legal structure through which the buyer is making the purchase. This can include individuals, partnerships, corporations, limited liability companies (LLCs), or other organizational forms. The designation of an entity affects liability, taxation, and how the property will be managed or sold in the future. It's important to choose the appropriate entity to align with financial and legal goals.