Company/Corporation


Company/Corporation : A group of persons coming together and pooling their economic resources, for the purpose of doing business (engaging in economic activity) under the name of the grouping/association. Such an entity, which is normally incorporated by registration under the law, is a legal entity and is distinct from its shareholders. Companies may be limited or unlimited, depending on whether the liability of the shareholders is limited. The limited type company can either be public or private, with the distinction being indicated in the name. 'Limited' or ltd.' as the last part of the name will suggest a private company, whereas 'Public Liability Company' or 'PLC' will suggest a public company
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