A company is a type of business structure that is a separate legal entity from its owners. It’s a complex business structure, with higher set-up and administrative costs because of extra reporting requirements and higher-level legal obligations. It is a voluntary association of person who together contributes in the capital of the company to do business. A company is an association of individuals incorporated as a company possessing a common capital i.e. share capital contributed by the members comprising it for the purpose of employing it in some business to earn profit. There are different features of company:
Incorporated Association
Separate Legal Entity
Limited Liability
Transferability of Shares
Perpetual Existence
Common Seal
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Formation of Company II Meaning and features of Company II for management students II Class 12 II [Video]
