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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 following features: "separate legal personality ...
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). [1] [2] ...
e. A corporation is an organization —usually a group of people or a company —authorized by the state to act as a single entity (a legal entity recognized by private and public law as "born out of statute"; a legal person in a legal context) and recognized as such in law for certain purposes. [ 1]: 10 Early incorporated entities were ...
Company (military unit) A company is a military unit, typically consisting of 100–250 [ 1] soldiers and usually commanded by a major or a captain. Most companies are formed of three to seven platoons, although the exact number may vary by country, unit type, and structure. Usually several companies are grouped as a battalion or regiment, the ...
t. e. A limited liability company ( LLC) is the United States -specific form of a private limited company. It is a business structure that can combine the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation. [ 1] An LLC is not a corporation under the laws of every state; it is a legal form ...
v. t. e. A conglomerate ( / kəŋˈɡlɒmərət /) is a type of multi-industry company that consists of several different and unrelated business entities that operate in various industries under one corporate group. [ 1] A conglomerate usually has a parent company that owns and controls many subsidiaries, which are legally independent but ...
Corporate structure. A typical corporate structure consists of various departments that contribute to the company's overall mission and goals. Common departments include Marketing, Finance, Operations management, Human Resource, and IT. These five divisions represent the major departments within a publicly traded company, though there are often ...
Subsidiary. A subsidiary, subsidiary company or daughter company[ 1][ 2][ 3] is a company owned or controlled by another company, which is called the parent company or holding company, which has legal and financial control over the company. [ 4][ 5] Two or more subsidiaries that either belong to the same parent company or having a same ...