company


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Company

An organization of individuals conducting a commercial or industrial enterprise. A corporation, partnership, association, or joint stock company.

company

n. any formal business entity for profit which may be a corporation, a partnership, association or individual proprietorship. Often people think the term "company" means the business is incorporated, but that is not true. In fact, a corporation usually must use some term in its name such as "corporation," "incorporated," "corp." or "inc." to show it is a corporation. (See: business)

company

an association of persons formed for the purpose of some business or undertaking, which has a legal personality separate from that of its members. A company may be formed by charter, by special Act of Parliament or by registration under the Companies Acts. The liability of members is usually (but not always) limited by the charter, Act of Parliament or memorandum of association. A company may be a public limited company (PLC or plc), in which event its shares may be transferred freely among, and owned by, members of the public. All limited liability companies that are not public limited companies are private companies, denoted by the term Ltd. While companies are owned by their members (i.e. shareholders), they are managed by a board of directors. Historically, the duties owed by the board are fiduciary in nature and owed to the company rather than the shareholders. Companies are the major instrument for economic and financial growth and development in the Western world. A limited company encourages trade to the extent that in the event of insolvency the owners are liable only to the extent of their unpaid share capital. The limited company is a legal person in its own right and is sued in place of the owners or directors.

A company may be limited by shares or, in the case of a private company, by guarantee. Since the Companies Act 1980, it is no longer possible to create a company limited by guarantee and having a share capital in the UK. A company limited by guarantee is a company that has the liability of its members limited by the memorandum of association to such an amount as the members may undertake to contribute to the assets of the company upon its being wound up. A company limited by shares is a company having the liability of its members limited by the memorandum of association to the amount, if any, unpaid on the shares respectively held by them.

COMPANY. An association of a number of individuals for the purpose of carrying on some legitimate business.
     2. This term is not synonymous with partnership, though every such unincorporated compass is a partnership.
     3. Usage has reserved this term to associations whose members are in greater number, their capital more considerable, and their enterprises greater, either on account of their risk or importance.
     4. When these companies are authorized by the government, they are known by the name of corporations. (q.v.)
     5. Sometimes the word is used to represent those members of a partnership whose names do not appear in the name of the firm; as, A.B & Company. Vide, 12 Toull. n, 97; Mortimer on Commerce, 128. Vide Club; Corporation; Firm; Parties to actions; Partnership.

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The company actively courts gay and lesbian travelers--it was one of the first chains to have an advertising campaign targeted at gay consumers.
Because while it is both morally right and good business to create a level playing field for all the diverse groups which make up America, the inclusion and advancement of African Americans and members of other ethnic minority groups remains the primary benchmark of a company's diversity efforts.
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It was Nestle's commitment to developing leaders that led a panel of judges, including Hooijberg (see list, below left), to conclude at a five-hour meeting in New York that the Swiss company deserved to be cited as the Best International Company for Leadership Development.
Oct 24, Ririe-Woodbury Dance Company, Memorial Auditorium Stanford Univ
###M/s Jubilee General Insurance Company Limited###5
The battle over Corus, an Anglo-Dutch steel company, between an Indian and Brazilian company reflects the global merger binge that has moved the steel industry from a Wall Street pariah to a sector of great interest in the mergers and acquisition community.
The notifications must be given no fewer than 10 days prior to the filing, via a press release and notice posted on any publicly accessible company website.
Another significant barrier was the prevention of companies from using their assets, such as unlisted stock, to purchase another company unless they went through a tedious and often unfavorable court valuation process.
Before the Sarbanes-Oxley Act, when an audit partner walked into the controller's office and said, "We found a material error during our review of the company's Form 10-Q or 10-K report," the controller was, of course, appalled an error had occurred.
However, a company with a part-time manager is the exception rather than the norm, said Chamness.
The California Board of Accountancy and other state boards should expand the requirement to maintain active licensure to CPAs involved in the financial reporting process within a company, as well as those employed at CPA firms.