Question

what is company ???​

Answer 1

Answer:

A company is a body corporate or an incorporated business organization registered under the companies act. It can be a limited or an unlimited company, private or a public company, company limited by guarantee or a company having a share capital, or a community interest company.

Explanation:

A company is a legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise. A company may be organized in various ways for tax and financial liability purposes depending on the corporate law of its jurisdiction.

Answer 2

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✒ What is a Company ?

• A company is a legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.
• A company may be organized in various ways for tax and financial liability purposes depending on the corporate law of its jurisdiction.
• One can define a company as an "artificial person", invisible, intangible, created by or under law, with a discrete legal personality, perpetual succession, and a common seal.
• Except for some senior positions, companies remain unaffected by the death, insanity, or insolvency of an individual member.

✒ Key points about Company

• A company is a legal entity formed by a group of individuals to engage in and operate a business enterprise in a commercial or industrial capacity.
• A company's business line depends on its structure, which can range from a partnership to a proprietorship, or even a corporation.
• Companies may be either public or private; the former issues equity to shareholders on an exchange, while the latter is privately-owned and not regulated.
• A company is generally organized to earn a profit from business activities.

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✒ Various forms of company

✏ Companies take various forms, such as:-

1. voluntary associations, which may include nonprofit organizations.
2. business entities, whose aim is generating profit.
3. financial entities and banks.
4. programs or educational organisations.

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