Which of the following is NOT included in the definition of a business entity?

In the context of the definition of a business entity, an individual is not considered a business entity. A business entity generally refers to a legal structure established to conduct business activities and includes organizations like corporations, partnerships, and limited liability companies (LLCs). These entities have specific legal rights and obligations under the law, allowing them to enter contracts, incur debts, and conduct business operations.

Individuals, on the other hand, do not have the same legal recognition as distinct entities unless they form a business structure such as a sole proprietorship, which is not typically recognized in the same way as corporations or partnerships with regard to liability and taxation. This differentiation highlights the importance of a business entity in providing protection and separation of personal and business assets, as well as influencing taxation treatment. Thus, the correct choice identifies an individual, which does not fit the definition of a business entity when considering legal business structures.