what is the difference between firm and a company ?
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A firm and a company are not separate entities. A firm is a type of a company. The word firm was traditionally used for accounting and consulting companies and they are even today referred to as firms.Firms are either sole proprietorship or partnership whereas company is registered and has shareholders
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A company is any form of business whether it is small or large. Generally the term company indicates a particular type of business dealing in a specific product. An organisation is the larger form and generally comprises of the no. of companies
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