In the legal sense, corporations may be described by different names: corporations, incorporated enterprises, public limited companies, public corporations, private companies, joint-stock companies, limited liability companies, limited liability partnerships, and so on. In the SNA, the term corporation covers legally constituted corporations and also cooperatives, limited liability partnerships, notional resident units and quasi corporations. The term corporation is used more broadly than in just the legal sense. In general, all entities that are: capable of generating a profit or other financial gain for their owners, recognized at law as separate legal entities from their owners who enjoy limited liability, set up for purposes of engaging in market production.