what is meant by company? explain its characteristics
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company is a voluntary association of persons, recognised by law, having a distinctive name, a common seal, formed to carry on business for profit, with capital divisible into transferable shares, limited liability, a corporate body and perpetual succession. ...
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1
Answer:
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.
Explanation:
1. Voluntary Association 2.Incorporation 3.. Artificial Person:
4Perpetual Existence
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