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Company

Company

A company, abbreviated 'co.', is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise.

A company is a legal entity formed by a group of individuals to engage in and operate a business enterprise. This business can be commercial or industrial. Companies can be organized in various ways for tax and financial liability purposes depending on the corporate law of the company's jurisdiction. Often the line of business the company engages in dictates the structure it chooses. In the United States, these types of companies are defined by tax laws administered by the Internal Revenue Service and individual state dictates.

A company has similar, if not the same, legal rights and responsibilities as an individual. This includes the ability to enter into contracts, right to sue or be sued, ability to borrow money, responsibility of paying taxes, can own assets, and can hire employees.

Companies can be as simple as registering a trade name a single individual uses to conduct business. And it can be as complicated as forming a complex structure of entities across multiple countries and regulatory structures.

Types of Companies

Examples of these types include:

  • Partnerships
  • Corporations
  • Association
  • Funds
  • Trusts
  • Joint-stock Company
  • Private companies limited by guarantee
  • Private companies limited by shares
  • Public limited companies
  • Gesellschaft mit beschränkter Haftung (GmbH)

In the United States, a company is not necessarily a corporation, although all corporation can be classified as companies. In the United Kingdom, a company is a body corporate or corporation. As well, in the United Kingdom, a partnership is note legally a company though they may be informally referred to as a company or referred to as a firm.

Most jurisdictions have forms of private limited companies and stock corporations. A private limited company is a company privately owned by the members or a single member of the company. A stock corporation differs from a private limited company in its ability to issue shares which entitle owners to portions of the corporations profits. In a stock corporation, these stocks can be shared publicly, privately, or on stock exchanges.

Etymology

The word company comes originally from the Old French word compagnie which stood for "society, friendship, intimacy; body of soldiers" in the 12th century. This old French comes originally from the Late Latin companio which stood for "bread fellow, messmate" and the Latin root com, which stood for "with, together".

In the 14th century, the Middle English use of company is for "companionship, consort of persons, intimate association, sexual union". This is expanded in the late 14th century in usage to include usage for "a number of persons united to perform or carry out anything jointly" and from this usage developed a commercial sense of "business association". The definition for business association is in use by the 1550s after it is seeing use in reference to trade guilds.

The abbreviation of company as "co." dates from the 1670's. And company continues to be used in a military sense to refer to a subdivision of an infantry regiment.

Timeline

June 2, 2021
The Company has two existing facilities ("Term Facilities") which will remain outstanding; a $500 million term loan and a CAD 250 million term loan ($206.6 million at exchange rates as of June 2, 2021).
May 25, 2021
UP Energy, LLC announced today that it has changed its name to PureWest Energy, LLC ("PureWest" or the "Company") effective immediately.

In conjunction with the name change, the Company launched a new corporate website at www.purewest.com.

Mr. Christopher Valdez, the Company's Chief Executive Officer, commented, "We are excited to announce the change to PureWest, bringing alignment between the Company's name and the mission that our Board, leadership team and employees have for the Company to advance modern life by providing reliable, essential energy produced in a safe, environmentally-responsible manner.

1550
"Company" begins to be used to refer to business associations.

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July 30, 2021
WebWire
Givaudan, the global leader in fragrance creation, has signed a joint venture agreement with Privi Speciality Chemicals Limited, India, to strengthen production capabilities for its global speciality fragrance ingredients. Through the agreement, a new greenfield production plant will be built in Mahad, a city located south of Mumbai, to manufacture small-volume fragrance ingredients of medium to high complexity, also known as speciality ingredients. "This joint venture supports our global...
July 28, 2021
WebWire
HCL Technologies today announced Jill Kouri's addition to the executive team as Chief Marketing Officer. A top marketing executive with nearly 30 years of corporate and agency B2B services experience, Kouri will lead the company's global marketing programs to advance HCL's focus on helping companies reimagine their business for the digital age. "As HCL continues to drive its strategy to be the digital partner of choice for global enterprises and reinforce its industry-leading ESG practic...
July 28, 2021
WebWire
, , , , • Leonardo has been re-certified as compliant with the ISO 37001:2016 standard, recognising the Company's commitment to anti-corruption, its targeted risk assessment, stringent internal controls and awareness-raising campaigns , , • Leonardo recently ranked first in the Defence Companies Index on Anti-Corruption and Corporate Transparency of Transparency International , , , , , , Leonardo has been confirmed as a leader in anti-corruption practices. The company has again been recognised by...
July 28, 2021
WebWire
Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today unveiled a new set of Enterprise Agile DevOps capabilities that will help businesses strengthen customer centricity and innovation. Key among them are the product-centric value delivery model and the data-centric live engineering approach that helps enterprises drive business value faster while being secure by design. With the product-centric value delivery model, enterprises can tra...
July 28, 2021
WebWire
Apple announced financial results for its fiscal 2021 third quarter ended June 26, 2021. The Company posted a June quarter record revenue of $81.4 billion, up 36 percent year over year, and quarterly earnings per diluted share of $1.30. "This quarter, our teams built on a period of unmatched innovation by sharing powerful new products with our users, at a time when using technology to connect people everywhere has never been more important," said Tim Cook, Apple's CEO. "We're continuing t...
Tom Yun
July 27, 2021
CTVNews
The company that produces Frank's RedHot Buffalo Ranch Seasoning has issued a voluntary recall of the product due to possible salmonella contamination.
July 23, 2021
mint
The total income of the company for the June quarter was also up almost 59% to ₹6,073 crore as against ₹3,829 crore in the year-ago period
July 22, 2021
WebWire
Corteva, Inc. (NYSE: CTVA) announced its Board of Directors has authorized a common stock dividend of $0.14 cents per share, payable September 15, 2021, to the Company's shareholders of record on August 13, 2021 - representing an annualized increase of 7.7% over the Company's previous quarterly dividend. Corteva Chief Executive Officer Jim Collins said, "This action reflects the Board's continued confidence in Corteva's ability to execute - and is consistent with the Company's operation...
July 21, 2021
WebWire
IBI Group Inc. (TSX: IBG) ("IBI" or the "Company") confirms the Company intends to release its financial and operating results for the three and six months ended June 30, 2021, after markets close on Thursday, August 5th, 2021. The Company will host a conference call on Friday, August 6th, 2021 at 8:30 a.m. ET during which IBI's Chief Executive Officer, Scott Stewart, and Chief Financial Officer, Stephen Taylor, will discuss the Company's financial and operating results followed by a qu...
July 21, 2021
Moneycontrol
The interest income reversal for the quarter was Rs 451 crore as compared to Rs 306 crore in the year-ago period.
July 21, 2021
WebWire
Thai Union Group PCL. (Thai Union), the world's leading seafood processor, has successfully priced a THB 5 billion seven-year senior, unsecured Sustainability-Linked Bond (SLB) for institutional investors. The SLB carries an interest rate of 2.47 %. p.a. and was issued on July 20, 2021. This is the first SLB that has been launched in Thailand and follows the launch of Thai Union's inaugural Sustainability-Linked Loan (SLL) in February 2021, further demonstrating the Company's ongoing...
July 19, 2021
WebWire
The Board of Directors of Scholastic Corporation (NASDAQ: SCHL) announced today that Peter Warwick has been named President and Chief Executive Officer of the global children's publishing, education and media company, effective August 1, 2021. Mr. Warwick, 69, who has served as an independent director on the Company's Board since 2014, assumes the lead operating roles and responsibilities of the late M. Richard (Dick) Robinson, Jr., who passed away in early June. In Mr. Warwick's new role...
Swaraj Singh Dhanjal
July 17, 2021
mint
LIC Housing Finance said it received another mail dated 16 July from BSE and NSE seeking clarifications on why the valuation report of a registered valuer had not been considered while determining the price of such shares
bit-tech news
July 14, 2021
feedproxy.google.com
Relic/Sega are letting gamers sample a pre-alpha release over the next three weeks.
July 9, 2021
WebWire
Air Products (NYSE:APD) today announced that Executive Vice President and Chief Financial Officer (CFO) Scott Crocco plans to retire on September 30, 2021 following a distinguished, 31-year career with the Company and that Melissa Schaeffer will succeed him as Senior Vice President and CFO on August 10, 2021. The transition will see Schaeffer assuming leadership responsibility for various aspects of Air Products’ worldwide financial organization--including Controllership, Account...
July 9, 2021
WebWire
Hapag-Lloyd successfully closed the acquisition of the Dutch container shipping company Nile Dutch Investments B.V. (NileDutch). After signing a sales and purchase agreement in March, Hapag-Lloyd has now formally acquired all shares of the company after all responsible antitrust authorities had approved the transaction. "We are very excited about closing the deal and look forward to working with our new colleagues to unlock the enormous potential that Africa has to offer", explains Rolf H...
BioSpace
July 8, 2021
BioSpace
Ovid Therapeutics Inc. (NASDAQ: OVID) today announced appointments to its board of directors and leadership team as well as a realignment of its workforce to focus on early-stage development activities, including the build out of its neuroscience programs
July 8, 2021
WebWire
AstraZeneca's Biologics License Application (BLA) for tezepelumab has been accepted and granted Priority Review for the treatment of asthma from the US Food and Drug Administration (FDA). Tezepelumab is being developed by AstraZeneca in collaboration with Amgen. The FDA grants Priority Review to applications for medicines that offer significant advantages over available options by demonstrating safety or efficacy improvements, preventing serious conditions, or enhancing patient compliance...
BioSpace
July 8, 2021
BioSpace
Elevar Therapeutics, Inc. today announced the expansion of its executive and senior leadership teams with the appointments of experienced industry leaders to several key roles, including Maureen Conlan, M.D., F.A.C.P., to Chief Medical Officer (CMO) and member of the executive leadership team, Julie Boisvert to Vice President (VP), Regulatory Affairs, and Dominick DiPaolo to VP, Quality Assurance.
July 8, 2021
BioSpace
PharmaCyte Biotech Announces Results of Vote at Annual Meeting of Stockholders - read this article along with other careers information, tips and advice on BioSpace
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