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The terms 'company' and 'corporation' are often confused. Not all companies are corporations, and not all corporations are companies in the sense which the term usually has. For a company to be a corporation it must have an independent legal identity; typically this means that it will be a registered company under the terms of the Companies act (1985) ( see: Registered company). On the other hand, the monarchy is a corporation, but not a company. The institution of monarchy has a legal identity distinct from the person of the Queen. A company that is not registered is not legally distinct from its members, and it cannot take part in legal actions as a separate entity. A registered company, on the other hand, can sue and be sued in its own right. An important meta of unregistered company is the partnership (see: Partnership).