| URL | https://Persagen.com/docs/company.html |
| Sources | Persagen.com | Wikipedia | other sources (cited in situ) |
| Source URL | https://en.wikipedia.org/wiki/Company |
| Date published | 2021-10-16 |
| Curation date | 2021-10-16 |
| Curator | Dr. Victoria A. Stuart, Ph.D. |
| Modified | |
| Editorial practice | Refer here | Date format: yyyy-mm-dd |
| Summary | A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. |
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| Comment | Show |
| Keywords | Show |
| Named entities | Show |
| Ontologies | Show |
A company, abbreviated as co., is a legal entity representing an association of people - whether natural, legal, or a mixture of both - with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as the following.
Voluntary associations, which may include nonprofit organizations;
business entities, whose aim is generating profit;
financial entities and banks; and,
programs or educational institutions.
A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations.
Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups.
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