2006-11-13 18:07:46 · 6 answers · asked by IRunWithScissors 3 in Politics & Government ➔ Other - Politics & Government
Corporation: -
A legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual possesses that is, a corporation has the right to enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes.
The most important aspect of a corporation is limited liability. That is, shareholders have the right to participate in the profits, through dividends and/or the appreciation of stock, but are not held personally liable for the company's debts.
Company:
A proprietorship, partnership, corporation, or other form of enterprise that engages in business.
2006-11-13 19:01:42 · answer #1 · answered by Ash 3 · 4⤊ 2⤋
Company Vs Corporation
2016-11-07 03:04:08 · answer #2 · answered by ? 4 · 0⤊ 0⤋
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RE:
whats the difference between a company and a corporation ?
2015-08-20 14:15:10 · answer #3 · answered by Anny 1 · 0⤊ 1⤋
The terms firm and company can be used interchangeably. However, corporation is different. Corporation is a larger organization that normally do several different businesses and usually has some subsidiary companies. If you're writing an essay or term paper and you're not sure about the size of a company, you can simply call it organization.
2016-03-18 04:22:12 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Company is a a British Term used for association of persons who have engaged in to run a business for the sack of earning profit.
Corporation is an American term used for the same association of persons.
2015-02-11 03:34:21 · answer #5 · answered by Snawer 1 · 0⤊ 0⤋
A company can be any business, whether privately owned, a partnership, or a corporation. A corporation is a company that is managed usually by a board of directors, who are chosen by voting stock holders. Special licenses and such are needed to start a corporation.
2006-11-13 18:10:27 · answer #6 · answered by rumraba 2 · 7⤊ 1⤋
A corporation refers to a legal entity that is separate and distinct from its owners while a company refers to a sole proprietorship, partnership or any form of enterprise which engages in business.
Thank you members.
2016-11-25 20:12:47 · answer #7 · answered by fredrick 1 · 1⤊ 0⤋
a company is a one install business,and the corporation is a joint company together,and it is far a sense to comparisons a quality being.
2006-11-13 18:20:10 · answer #8 · answered by jesse.aug28 1 · 3⤊ 0⤋
An individual can own a company; a corporation is owned by several people, such as business partners, stockholders, or any collection of people.
2006-11-13 18:09:48 · answer #9 · answered by Anonymous · 6⤊ 1⤋