what's the difference between a firm and a comapny?

Question

can I use these two words interchangably?

Answer 1

In most cases, you can use them interchangeably. Law practices tend to call themselves firms rather than companies, and it may be standard practice to do so in other occupations.

Answer 2

You can use these interchangably. A firm is most often a small group of professional individuals such as a law firm. A company describes a larger number of employees such as AT&T or GE. The company may have several locations within or in other states.

Gina K. RN, MBA

Answer 3

The word 'Firm' is related to the meaning of - securely or solidly fixed in place - not subject to change or revision - not subject to price weakness -

It was thus applied to describe Victorian (uk) companies who wanted to impart an air of stability to thier clients. Lawyers, Solicitors and Merchant Banks first used this term around 1850.

Companies, arise from the word for a group of persons or things - used by the medieval trade guilds. It is sometimes used to indicate an association of persons for carrying on a commercial or industrial enterprise, or those members of a partnership firm whose names do not appear in the firm name.

In legal terms, it is short for PLC (plural PLCs) or plc (plural plcs) U.K. business public limited company ... A 'plc' is now the standard form for a public company in the UK. It was introduced in the Companies Act 1980.

A public limited company is defined as one limited by shares or by guarantee, whose memorandum states that it is a public company and which has registered as such.

It is a legal requirement that the words public limited company or plc must follow the company's name. Only plcs may qualify for listing or trading on the Alternative Investments Market (AIM) or the London Stock Exchange.

Answer 4

3 letters

Answer 5

It's the same thing. Other words that have been used ie: Outfit . Organization , etc.

Answer 6

yes