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- A company is a voluntary association of individuals that has the following characteristics12:
- It is an artificial person created by law12.
- It is a separate legal entity from its members12.
- It is not a citizen1.
- It has limited liability of its members12.
- It has a perpetual succession12.
- It has transferability of shares12.
- It has a separate property1.
- It has a common seal2.
- It has a board of directors2.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Nature and Characteristics of a Company
- 1. Voluntary association. A company is a voluntary association formed by an individual or group of individuals. ...
www.writinglaw.com/characteristics-of-company/Characteristics of Company – 11 Essential Characteristics
- 1. Registration: ADVERTISEMENTS: ...
- 2. Legal Entity: A company formed and registered under the Companies Act is a legal entity separate and distinct from its members. ...
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