An "Artificial Person" refers to a legal entity created by law that can have rights and obligations similar to a human being. This concept is often applied to organizations like corporations, which can enter contracts, sue, and be sued. The idea allows businesses to operate independently of the individuals who own or manage them. In many jurisdictions, artificial persons are recognized to facilitate commerce and protect individual stakeholders. They can own property, incur debts, and are subject to taxation. This legal framework helps streamline business operations and provides a level of accountability, similar to that of a natural person.