A juridical person is a legal entity that is not an actual person.
In business law, a corporation is deemed to be a person in certain legal aspects. In those circumstances, the corporation would be referred to as a juridical person.
A juridical person has legal obligations that are somewhat in line with that of a regular person, including the requirement of paying taxes and following all national and state laws.
Giving business entities the status of "person" means that companies can be held liable for certain actions and taken to court.