Company

A company, abbreviated as co., is the legal entity representing an connective of people, if natural, legal or the mixture of both, with a particular objective. agency members share a common intention and unite tospecific, declared goals. combine clear various forms, such(a) as:

A agency can be created as a legal grown-up 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 asked as corporate groups.

Meanings as well as definitions

A company can be defined as an "artificial person", invisible, intangible, created by or under law, with a discrete legal personality, perpetual succession, and a common seal. except for some senior positions, multiple keep on unaffected by the death, insanity, or insolvency of an individual member.

The English word company has its origins in the Old French term number one recorded in 1150, meaning a "society, friendship, intimacy; body of soldiers", which came from the Late Latin word "one who eats bread with you", first attested in the Lex Salica English: Salic Law c. 500 advertising as a calque of the Germanic expression literally, "with bread", related to Old High German "companion" and to Gothic "messmate".

By 1303, the word transmitted to trade guilds. usage of the term company to mean "business association" was first recorded in 1553, and the abbreviation "co." dates from 1769.