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

1550

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

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Further reading

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Companies

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News

Title
Author
Date
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Description
Pomerantz LLP
December 5, 2020
www.prnewswire.com:443
/PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Mesoblast Limited ("Mesoblast" or the "Company") (NASDAQ: MESO) and...
Regeneron Pharmaceuticals, Inc.
December 5, 2020
www.prnewswire.com:443
/PRNewswire/ -- 63% response rate in patients treated with the highest reported dose Among all patients responding to treatment, 95% experienced a very good...
Poseida Therapeutics, Inc.
December 5, 2020
www.prnewswire.com:443
/PRNewswire/ -- Poseida Therapeutics, Inc. (NASDAQ:PSTX), a clinical-stage biopharmaceutical company utilizing proprietary gene engineering platform...
Kahn Swick & Foti, LLC
December 5, 2020
www.prnewswire.com:443
/PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that...
Kahn Swick & Foti, LLC
December 5, 2020
www.prnewswire.com:443
/PRNewswire/ -- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that...
BioSpace
December 4, 2020
BioSpace
Anpac Bio-Medical Science Co., Ltd. ("Anpac Bio," the "Company" or "we") (ANPC), a biotechnology company with operations in China and the United States focused on early cancer screening and detection, announced today the resignation of Ernst & Young Hua Ming LLP ("EY"), which previously was the independent registered public accounting firm of Anpac Bio, on November 3, 2020 and the appointment of Friedman LLP ("Friedman") as the Company's independ
WhiteHorse Finance, Inc.
December 4, 2020
www.prnewswire.com:443
/PRNewswire/ -- WhiteHorse Finance, Inc. ("WhiteHorse Finance" or the "Company") (Nasdaq: WHF) today announced that it has sold $20.0 million aggregate...
Morningstar, Inc.
December 4, 2020
www.prnewswire.com:443
/PRNewswire/ -- The board of directors of Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment research, today declared a quarterly...
Reliv International, Inc.
December 4, 2020
www.prnewswire.com:443
/PRNewswire/ -- Reliv International, Inc. (NASDAQ:RELV), a developer and marketer of nutritional supplements that promote optimal health, today announced an...
iAnthus Capital Holdings, Inc.
December 4, 2020
www.prnewswire.com:443
/PRNewswire/ - iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company") (CSE: IAN) (OTCPK: ITHUF), which owns, operates, and partners with regulated...
December 4, 2020
BioSpace
Incyte Announces First Data from REACH3 Trial Showing Ruxolitinib (Jakafi®) Significantly Improved Outcomes in Patients with Steroid-Refractory or Steroid-Dependent Chronic Graft-Versus-Host Disease - read this article along with other careers information, tips and advice on BioSpace
Sinclair Broadcast Group, Inc.
December 4, 2020
www.prnewswire.com:443
/PRNewswire/ -- Sinclair Broadcast Group, Inc. ("Sinclair" or the "Company") (Nasdaq: SBGI) announced today that its wholly-owned subsidiary, Sinclair...
Prodigy Learning
December 4, 2020
www.prnewswire.com:443
/PRNewswire/ -- Prodigy Learning, a Dublin-headquartered global education technology firm, is pleased to announce that it has been selected as the winner of...
The Law Offices of Frank R. Cruz, Los Angeles
December 4, 2020
www.prnewswire.com:443
/PRNewswire/ -- The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or...
The Law Offices of Frank R. Cruz, Los Angeles
December 4, 2020
www.prnewswire.com:443
/PRNewswire/ -- The Law Offices of Frank R. Cruz reminds investors of the upcoming January 12, 2021 deadline to file a lead plaintiff motion in the class...
Vuzix Corporation
December 4, 2020
www.prnewswire.com:443
/PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses and Augmented Reality (AR) technology and...
BioSpace
December 4, 2020
BioSpace
Has Held Several Discussions with WaterMill to Reach an Amicable Resolution to Consent Solicitation Board Accepts Resignation of Director Elan Ezickson Reiterates Concerns About Professional Past of WaterMill Nominee Holger Weis
Puration, Inc.; Alkame Holdings Inc.
December 4, 2020
www.prnewswire.com:443
/PRNewswire/ -- Puration, Inc. (USOTC: PURA) and Alkame Holdings Inc. (USOTC: ALKM) today announced the two companies anticipate soon initiating production on...
S&P Global
December 4, 2020
www.prnewswire.com:443
/PRNewswire/ -- Ewout Steenbergen, Executive Vice President and Chief Financial Officer of S&P Global (NYSE: SPGI), will present at the Goldman Sachs U.S....
December 4, 2020
BioSpace
Stoke Therapeutics Announces Presentations Related to the Company's Work to Advance STK-001, the First Potential New Medicine to Target the Underlying Cause of Dravet Syndrome at the American Epilepsy Society (AES) 2020 Annual Meeting - read this article along with other careers information, tips and advice on BioSpace
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