What is the meaning of company ? Define its characteristics
Answers
Answer:
A company is a voluntary association of persons, recognized 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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Answer:
A company is an incorporated association which is an artificial person created by law, having separate legal entity with a perpetual succession and a common seal.
characteristics
1. Artificial person
2.: Voluntary association
3. Incorporated association
4. share capital
5. separate legal entity
6. perpetual succession.
7. capacity to sue and being sued
8. common seal
9. limited liability
10.seperation of ownership and management
Explanation:
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