Portal:Companies/Intro

A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.

Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation.

Companies take various forms, such as:

• voluntary associations, which may include nonprofit organizations
• business entities, whose aim is to generate sales, revenue, and profit
• financial entities and banks
• programs or educational institutions (Full article...)