2007-01-28 02:21:27 · 6 answers · asked by TINTU 1 in Business & Finance ➔ Other - Business & Finance
In law, a company refers to a legal entity formed which has a separate legal identity from its members, and is ordinarily incorporated to undertake commercial business. Although some jurisdictions refer to unincorporated entities as companies, in most jurisdictions the term refers only to incorporated entities. It has been judicially remarked that "the word company has no strictly legal meaning", but is taken to mean a specific form of entity created under the laws of the relevant jurisdiction. Because of the limited liability of the members of the company for the company's debts and the separate personality and tax treatment of the company, it has become the most popular form of business vehicle in most countries in the world.
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http://en.wikipedia.org/wiki/Company
2007-01-28 02:26:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋
A company is a group of people or workers working together.
2007-01-28 10:30:29 · answer #2 · answered by Tayler G 1 · 0⤊ 0⤋
registered under company law to carry out a business
2007-01-28 10:29:37 · answer #3 · answered by hari prasad 5 · 0⤊ 0⤋
A group of people who are joined together socially or through business.
Organization engaged in business as a proprietorship, partnership, corporation, or other form of enterprise. Originally, a firm made up of a group of people as distinguished from a sole proprietorship. However, since few proprietorships owe their existence exclusively to one person, the term now applies to proprietorships as well.
2007-01-28 10:40:25 · answer #4 · answered by Anonymous · 0⤊ 0⤋
"company" means a body corporate and includes a firm or other association of individuals.
2007-01-28 13:29:56 · answer #5 · answered by anirudhadeb 1 · 0⤊ 0⤋
COMPANY IS A BUSINESS ENTITY HAVING A PERPETUAL SUCCESSION AND COMMON SEAL
2007-01-28 10:31:56 · answer #6 · answered by naga koteswara rao g 1 · 0⤊ 0⤋