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- A company is a legal entity formed by an individual or a group of individuals12. Here are some key characteristics of a company:
- Voluntary association: Formed by individuals working together towards a common objective.
- Artificial person created by law: Distinct from its members.
- Not a citizen: Exists beyond the lives of its members.
- Separate legal entity: Independent of its owners.
- Limited liability: Owners are not personally liable for company debts.
- Perpetual succession: Continues to exist even if members change.
- Transferability of shares: Ownership can be transferred.
- Separate property: Company assets are separate from personal assets3.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Key Takeaways
- A company is a legal entity formed by an individual or a group of individuals.
- Companies can have a variety of different structures, from single-owner sole proprietorships to large corporations with many shareholders.
www.investopedia.com/terms/c/company.aspA company is a natural legal entity formed by the association and group of people to work together towards achieving a common objective. It can be a commercial or an industrial enterprise. Different types of companies are taxed differently; therefore, the taxation of the company defines its type.www.marketingtutor.net/what-is-a-company/Nature and Characteristics of a Company
- 1. Voluntary association. A company is a voluntary association formed by an individual or group of individuals. ...
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Company is an voluntary association for profit with capital, divisible into transferable share with liability having corporate entity common seal, and perpetual succession. The term company is …
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