2006-09-07 00:36:49 · 4 answers · asked by sameer k 1 in Business & Finance ➔ Corporations
Corporated (and incorporated) are legal definitions of a type of company. Corporations have stock.
Other types of companies are LLC's, and sole proprietorship, which define legal liablities and ownership. These don't have stock.
Company and firm and established are just words and have no legal meaning.
2006-09-07 00:42:35 · answer #1 · answered by Anonymous · 0⤊ 0⤋
"Company" and "Firm" are names and don't necessarily define your business in a legal sense.
A corporation is an "Inc.". They are legal entities created under the laws of the state in which they were formed. They can be privately or publicly held and can issue shares of stock.
An LLC is a limited liability company. That means that the personal liability of the members is limited. For example, if there are 3 members and one gets sued, the suit only affects that one person and not the other two. LLC's don't issue stock, they issue membership shares.
PA's are Professional Associations
2006-09-08 15:50:32 · answer #2 · answered by BarBQer 2 · 1⤊ 0⤋
A company or firm may or may not be a corporation or incorporated. A corporation is an entitiy you can establish for the purpose of doing business.
2006-09-07 07:41:08 · answer #3 · answered by bradthepilot 5 · 0⤊ 0⤋
kuch nahee hei yaar
2006-09-07 07:38:16 · answer #4 · answered by MADDY 3 · 0⤊ 1⤋