Company (law) Guide, Meaning , Facts, Information and Description
In law, a company is any group of people united to pursue a common interest. This term in general is synonymous with association, but more often it is used specifically to identify for-profit associations, such as the partnership, the joint-stock company, and the for-profit corporation.As a general rule, unless the company is a corporation, its members do not have limited liability. Many jurisdictions, however, have offered alternative forms of business organization that use the term company, have limited liability, and are not corporations.