Company law definition in simple words

  • What is the definition of a business in company law?

    A business can be described as an organization or enterprising entity that engages in professional, commercial or industrial activities.
    There can be different types of businesses depending on various factors.
    Some are for-profit, while some are non-profit..

  • What is the meaning of company law?

    the set of laws that control how businesses are formed and managed: Under company law, while charities need not be identified in annual reports, beneficiaries of political donations must be. (Definition of company law from the Cambridge Business English Dictionary \xa9 Cambridge University Press).

Is a company a legal entity?

A company is a legal entity formed by a group of individuals to engage in and operate a business enterprise in a commercial or industrial capacity.
A company's business line depends on its structure, which can range from a partnership to a proprietorship, or even a corporation.


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