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- Characteristics of a company include12:
- Legal entity formed by a group of individuals.
- Engages in and operates a business (commercial or industrial).
- May be organized in various ways for tax and financial liability purposes.
- Has a distinctive name and a common seal.
- Capital is divisible into transferable shares.
- Limited liability.
- Corporate body.
- Perpetual succession.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.A company is a legal entity formed by a group of individuals to engage in and operate a business —commercial or industrial—enterprise. A company may be organized in various ways for tax and financial liability purposes depending on the corporate law of its jurisdiction.www.investopedia.com/terms/c/company.aspA company is a voluntary association of persons, recognised by law, having a distinctive name, a common seal, formed to carry on business for profit, with capital divisible into transferable shares, limited liability, a corporate body and perpetual succession.www.economicsdiscussion.net/company/characteri… - People also ask
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