From Wikipedia, the free encyclopedia
A modern corporate office building in Münster, North Rhine-Westphalia, Germany
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as:
- voluntary associations, which may include nonprofit organizations
- business entities, whose aim is generating profit
- financial entities and banks
- programs or educational institutions
A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations.
Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups.
Meanings and definitions[edit]
A company can be defined as an «artificial person», invisible, intangible, created by or under law,[1] with a discrete legal personality, perpetual succession, and a common seal. Except for some senior positions, companies remain unaffected by the death, insanity, or insolvency of an individual member.
Etymology[edit]
The English word, company, has its origins in the Old French term compagnie (first recorded in 1150), meaning a «society, friendship, intimacy; body of soldiers»,[2] which came from the Late Latin word companio («one who eats bread with you»), first attested in the Salic law (c. AD 500) as a calque of the Germanic expression gahlaibo (literally, «with bread»), related to Old High German galeipo («companion») and to Gothic gahlaiba («messmate»).
Semantics and usage[edit]
By 1303, the word company referred to trade guilds.[3] Usage of the term company to mean «business association» was first recorded in 1553,[4]
and the abbreviation «co.» dates from 1769.[5][6]
Companies around the world[edit]
China[edit]
In China, companies are often government run or government supported. Other companies may be foreign companies or export-based corporations. However, many of these companies are government regulated.[citation needed]
United Kingdom[edit]
In English law and in legal jurisdictions based upon it, a company is a body corporate or corporation company registered under the Companies Acts or under similar legislation.[7] Common forms include:
- Private companies limited by guarantee
- Community interest company
- Charitable incorporated organisation
- Private companies limited by shares — the most common form of company
- Public limited companies — companies, usually large, which are permitted to (but do not have to) offer their shares to the public, for example on a stock exchange
In the United Kingdom, a partnership is not legally a company, but may sometimes be referred to (informally) as a «company». It may be referred to as a «firm».
United States[edit]
In the United States, a company is not necessarily a corporation. For example, a company may be a «corporation, partnership, association, joint-stock company, trust, fund, or organized group of persons, whether incorporated or not, and (in an official capacity) any receiver, trustee in bankruptcy, or similar official, or liquidating agent, for any of the foregoing».[8][9]
Types[edit]
- A company limited by guarantee (CLG): Commonly used where companies are formed for non-commercial purposes, such as clubs or charities. The members guarantee the payment of certain (usually nominal) amounts if the company goes into insolvent liquidation, but otherwise, they have no economic rights in relation to the company. This type of company is common in England. A company limited by guarantee may be with or without having share capital.
- A company limited by shares: The most common form of the company used for business ventures. Specifically, a limited company is a «company in which the liability of each shareholder is limited to the amount individually invested» with corporations being «the most common example of a limited company».[9] This type of company is common in England and many English-speaking countries. A company limited by shares may be a publicly traded company or a privately held company.
- A company limited by guarantee with a share capital: A hybrid entity, usually used where the company is formed for non-commercial purposes, but the activities of the company are partly funded by investors who expect a return. This type of company may no longer be formed in the UK, although provisions still exist in law for them to exist.[7]
- A limited liability company: «A company—statutorily authorized in certain states—that is characterized by limited liability, management by members or managers, and limitations on ownership transfer», i.e., L.L.C.[9] LLC structure has been called «hybrid» in that it «combines the characteristics of a corporation and of a partnership or sole proprietorship». Like a corporation, it has limited liability for members of the company, and like a partnership it has «flow-through taxation to the members» and must be «dissolved upon the death or bankruptcy of a member».[10]
- An unlimited company with or without a share capital: A hybrid entity, a company where the liability of members or shareholders for the debts (if any) of the company are not limited. In this case, the doctrine of a veil of incorporation does not apply.[citation needed]
Less common types of companies are:
- Companies formed by letters patent: Most corporations by letters patent are corporations sole and not companies as the term is commonly understood today.
- Royal charter corporations: In middle-ages Europe, before the passing of modern companies legislation, these were the only types of companies.[citation needed] Now they are relatively rare, except for very old companies that still survive (particularly many British banks), or modern societies that fulfill a quasi-regulatory function (for example, the Bank of England is a corporation formed by a modern charter).
- Statutory companies: Relatively rare today, certain companies have been formed by a private statute passed in the relevant jurisdiction.
When «Ltd» is placed after the company’s name, it signifies a limited company, and «PLC» (public limited company) indicates that its shares are widely held.[11]
In the legal context, the owners of a company are normally referred to as the «members». In a company limited or unlimited by shares (formed or incorporated with a share capital), this will be the shareholders. In a company limited by guarantee, this will be the guarantors. Some offshore jurisdictions have created special forms of offshore company in a bid to attract business for their jurisdictions. Examples include segregated portfolio companies and restricted purpose companies.
However, there are many sub-categories of company types that can be formed in various jurisdictions in the world.
Companies are also sometimes distinguished for legal and regulatory purposes between public companies and private companies. Public companies are companies whose shares can be publicly traded, often (although not always) on a stock exchange which imposes listing requirements/Listing Rules as to the issued shares, the trading of shares and future issue of shares to help bolster the reputation of the exchange or particular market of an exchange. Private companies do not have publicly traded shares, and often contain restrictions on transfers of shares. In some jurisdictions, private companies have maximum numbers of shareholders.
A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors; the second company being deemed a subsidiary of the parent company. The definition of a parent company differs by jurisdiction, with the definition normally being defined by way of laws dealing with companies in that jurisdiction.
See also[edit]
- Corporate personhood
- List of company registers
- List of largest employers
- Lists of companies
- Stewardship
- Types of business entity
References[edit]
- ^
Compare a definition of a corporation: «Perhaps the best definition of a corporation was given by Chief Justice John Marshall in a famous Supreme Court decision in 1819. A corporation, he said, ‘is an artificial person, invisible, intangible, and existing only in contemplation of the law.’ In other words, a corporation […] is an artificial person, created by law, with most of the legal rights of a real person.»
Pride, William M.; Hughes, Robert J.; Kapoor, Jack R. (1985). «4: Choosing a form of business ownership». Business. CengageNOW Series (10 ed.). Mason, Ohio: Cengage Learning (published 2009). p. 116. ISBN 9780324829556. Retrieved April 20, 2019. - ^ 12th century: Harper, Douglas. «company». Online Etymology Dictionary.
- ^
Compare:
Harper, Douglas. «company». Online Etymology Dictionary. — ‘[…] the word having been used in reference to trade guilds from late 14c.’ - ^
Compare:
Harper, Douglas. «company». Online Etymology Dictionary. — ‘From late 14c. as «a number of persons united to perform or carry out anything jointly,» which developed a commercial sense of «business association» by 1550s, the word having been used in reference to trade guilds from late 14c.’ - ^
Compare:
«co». Oxford English Dictionary (Online ed.). Oxford University Press. (Subscription or participating institution membership required.) — «1759 Compl. Let.-writer (ed. 6) London: Printed for Stanley Crowder, and Co.» - ^
Compare:
Harper, Douglas. «co». Online Etymology Dictionary. — ‘by 1670’s as an abbreviation of company in the business sense, indicating the partners in the firm whose names do not appear in its name. Hence and co. to indicate «the rest» of any group (1757)’. - ^ a b «Companies Act 2006». www.legislation.gov.uk. Archived from the original on April 10, 2015. Retrieved March 15, 2020.
- ^ Garner, Bryan A., ed. (1891). «company». Black’s Law Dictionary. Black’s Law, 9th Edition. Vol. 1 (9 ed.). St. Paul, Minnesota: West Publishing, Inc (published 2009). p. 318. ISBN 9780314199492. Retrieved April 20, 2019.
2. A corporation, partnership, association, joint-stock company, trust, fund, or organized group of persons, whether incorporated or not, and (in an official capacity) any receiver, trustee in bankruptcy, or similar official, or liquidating agent, for any of the foregoing. Investment Company Act 2(a)(8)(15 USCA 80a-2(a)(8)).
- ^ a b c Black’s Law and lee Dictionary. Second Pocket Edition. Bryan A. Garner, editor. West. 2001.
- ^ root. «Limited Liability Company (LLC) Definition — Investopedia». Investopedia. Archived from the original on November 27, 2012. Retrieved November 14, 2012.
- ^ «BBC Bitesize — GCSE Business — Forms of business ownership — Revision 3». BBC Bitesize. Archived from the original on September 1, 2018. Retrieved August 31, 2018.
Further reading[edit]
- Alan Dignam and John Lowry. Company Law. Oxford: Oxford University Press, 2020. ISBN 978-0-19-928936-3.
- John Micklethwait and Adrian Wooldridge, The Company: A Short History of a Revolutionary Idea. New York: Modern Library, 2003.
- «Company» . Encyclopædia Britannica. Vol. 6 (11th ed.). 1911. pp. 795–803.
External links[edit]
Look up Company in Wiktionary, the free dictionary.
Wikiquote has quotations related to Companies.
Wikimedia Commons has media related to Companies.
- «Labor and Employment». Government Information Library. University of Colorado at Boulder. Archived from the original on June 12, 2009. Retrieved August 5, 2009.
- «Get Information About a Company». Gov.UK.
компания, фирма, общество, рота, труппа, фирменный, ротный
существительное ↓
- общество, компания
- собеседник; партнёр по общению
to be good [poor /bad/] company — быть интересным /приятным/ [неинтересным /неприятным/] собеседником
he is poor company — с ним скучно /тяжело/
she is excellent company — с ней всегда легко и весело
- эк. общество, компания, товарищество
- разг. гости или гость; общество
to receive a great deal of company — часто принимать гостей
we expect company tomorrow — завтра мы ждём гостя или гостей
- постоянная группа (артистов); ансамбль
theatrical company — театральная труппа
- экипаж (судна)
- воен. рота
company commander — командир роты
company clerk — ротный писарь
company headquarters — группа управления роты
company officers — амер. младший офицерский состав
- амер. проф. жарг. (the Company) ≅ «наша контора» (о ЦРУ)
to know a man by his company — ≅ скажи мне, кто твой друг, и я скажу, кто ты
as a man is so is his company — посл. каков сам, таковы и твои друзья
to sin in good company — ≅ кто не без греха?; праведников мало на свете
two is company but three is none — посл. где двое, там третий лишний
who keeps company with the wolf will learn to howl — посл. с волками жить
глагол
- редк. общаться, быть в компании
- арх. сопровождать, конвоировать
Мои примеры
Словосочетания
a profit booster for the company — средство увеличения прибыли для компании
a subsidiary of a US company — дочернее предприятие американской компании.
a stake in the company’s future — финансовая заинтересованность в будущем компании
a banner year for the company — особенно успешный год для этой компании
to take charge of a company — возглавить компанию
airborne signal company — авиарота связи
dance company — танцевальный ансамбль
daughter company — дочерняя компания
very dubious company — очень подозрительная компания
to make an offer for a company — предложить цену за компанию
pharmaceutical company — фармацевтическая компания
company’s product — продукция компании, товары компании
Примеры с переводом
Who started this company?
Кто основал эту компанию?
Three is a company.
Трое в самый раз. / Троих достаточно.
Present company excepted.
К присутствующим это не относится.
Yonder company are fools.
В той компании такие дураки.
They formed a company.
Они основали компанию.
The company is doing well.
Дела у компании идут хорошо. / Компания преуспевает.
John Jones and Company
Джон Джонс и компания (в названиях фирм)
ещё 23 примера свернуть
Примеры, ожидающие перевода
The company licensed its name to others.
His company bid on the snow removal contract.
The company has made a pledge of over $3,000.
Для того чтобы добавить вариант перевода, кликните по иконке ☰, напротив примера.
Возможные однокоренные слова
carriage-company — избранное общество
companion — компаньон, спутник, товарищ, сопровождать, парный
accompany — сопровождать, сопутствовать, аккомпанировать
fire-company — общество страхования от огня,
sub-company — дочерняя компания, дочерняя или подконтрольная компания, подконтрольная компания
Формы слова
noun
ед. ч.(singular): company
мн. ч.(plural): companies
Worse, the apparently universal belief is that it is better to be scratchily out of sorts, or actually engaged in bitter hostilities, in some physical company at christmas, *irrespective of whether one has positively chosen or been chosen by that company* than either alone, or in chosen virtual company. ❋ Elizabeth McClung (2009)
And Mix’s simplistic notion that the company owner doesn’t buy the power equipment but just pockets the money misses that the way for the owner to make more money is to invest in the tools to make his or her employees more effective and so be able as a *company* compete for larger, more lucrative contracts. ❋ Ann Althouse (2008)
And the movie made Bevan ‘and Sarah Radclyffe’s company Working Title, which went on to become the major english independent producing company_______________________ New York, NY: I loved Saeed Jaffrey. ❋ Unknown (2007)
Mrs. Panton is a huge, protuberant woman, with a full-blown face, a bay wig, and artificial flowers; talking in an affected little voice, when she is in company, and when she has on her _company clothes and manners_; but bawling loud, in a vulgarly broad cockney dialect, when she is at her ease in her own house. ❋ Maria Edgeworth (1808)
ALL, which sets the @company parameter to NULL and return results from the query as if there was no company filter. ❋ Unknown (2009)
Burbage for a term of years which ended in about 1589_; that his work with Burbage from the time he entered his service was of a general nature, and more of a literary and dramatic than of an histrionic character, though it undoubtedly partook of both; that he worked in conjunction with both Richard Burbage and Edward Alleyn from the time he came to London in 1586-87 until 1591; that neither he nor Burbage were connected with the Queen’s company, nor with the Curtain Theatre, during these years, _and that the ownership by the Burbage organisation of a number of old Queen’s plays resulted from their absorption of Queen’s men in 1591, when Pembroke’s company was formed, and not from the supposed fact that James Burbage was at any time a member or the manager of the Queen’s company_; that Robert Greene’s attack upon Shakespeare as ❋ Arthur Acheson (1897)
: company def where_do_i_live company. address end end describe Pen do before (: each) do @company ❋ Unknown (2008)
UpdateCommand = «UPDATE prospects SET salespn = @salespn, class = @class, updated = GetDate (), company = @company, contact = @contact, title = @title, street = @street, city = @city, state ❋ Unknown (2010)
Today, everything must be under consideration after the company issued a formal warning that revenues would fall below expectations because «slower than expected consumer adoption of the company� ❋ Unknown (2010)
Information Week Sept 2007) Kurt Woetzel, Bank of New York Mellon’s chief information officer, said the New York company is «leveraging the human capital of the company» while in the midst of a massive organizational change, just four months after Bank of New York Co. ❋ Unknown (2009)
Whether the title company will be allergic to paying a claim arising under insured title, is a conversation for another time. ❋ Ron Gitter (2011)
It is essential, therefore, that the title company prepare an estimated title bill as soon as the title order is placed, so that the buyer has sufficient time to adjust his or her expectations of the funds needed for closing. ❋ Ron Gitter (2011)
I have been unemployed since December 31 2008, the title company I was working for filed bankrupt out of no fault of my own I was laid-off. ❋ Michael Thornton (2011)
The train company is seeing to it that the Norwich — London link is a third rate service. ❋ Norfolk Blogger (2009)
«In recording gaps like that, often times a title company will record a loan and not know about the former mortgage,» Ms. Dollar said, because it won’t show on the title report yet. ❋ Stephanie Gleason (2011)
An example: «You refinance your mortgage, the refinance closes, you go on your way and make payments to the mortgage company, but your title company hasn’t remitted payoffs to the old company.» ❋ Amy Hoak (2011)
If the title company fails to discover a valid lien against the property and insures the title free of such encumbrance, the buyer would be protected down the road against a claim made by the party asserting an interest in the real estate. ❋ Ron Gitter (2011)
company [came] over for [the bed] [warming] party ❋ Strangler (2003)
[Cool Girl]#1: Yo, let’s have an end-of-summer party.
Cool Dude#1: Great idea. Let’s be sure to email lots of people.
Cool Girl #1: Yeah…I’ll invite Cool Girl #2, Cool Guy #2, Cool Girl #3, Cool Guy #4…and company.
Cool Dude #1: Nice but I hope they don’t bring the any [fobs], [momo’s] or chicken wings. ❋ RJB! (2009)
The Company needs to take charge of the [war on terrorism] and [obliterate] [the enemy]. ❋ John Foster (2005)
2 [members] of a [carpool] and good [company]. ❋ 486207222 (2011)
Company: family, husband, wife, [significant other], children, [cousins], aunts and [uncles] ❋ PinkBathatique (2015)
[Neal] had [company] over lastnight and almost broke the [headboard]!! ❋ Lindsay (2003)
«I don’t [think you] should work there as I heard ‘fake [company] name’ is a [black company]. you should work at ‘super fake company‘ instead» ❋ Grass_head (2021)
Example #1: Dude, you smell like a [stink wrinkle]. Please go [Fean] wash before we go out!
Example #2: Hey man, your lips look like a dead Tortoises’ asshole. You need some [Fean and company] lip Balm bad! ❋ NeverWrong23 (2009)
Can you believe I’m [paid] 50 [bucks] an hour to post shit in [the Urban Dictionary] during company time? ❋ Lord Cthulhu (2003)
Guy 1: Wow, isn’t [that thing] [epic]?
Guy 2: «Meme Companies!»
Guy 1: [Exactly], it is very epic. ❋ Imagineer (2020)
Noun
He runs his own trucking company.
She joined the company last year.
The company is based in Paris.
Her dogs are her only company these days.
You can tell a lot about people by the company they keep.
Verb
in her sermon the minister noted that Jesus had companied with the least privileged and most disadvantaged members of society
may the Good Lord company you on your journey home
See More
Recent Examples on the Web
Most Home Depot stores are open today with limited hours from 8 a.m. to 6 p.m., the company told USA TODAY.
—Orlando Mayorquin, USA TODAY, 8 Apr. 2023
Earlier this year, the company also launched Sanctuary Cap Cana, a Luxury Collection All-Inclusive Resort, an adults-only all-inclusive property and a first for the Luxury Collection.
—Dobrina Zhekova, Travel + Leisure, 8 Apr. 2023
The company bought and sold life insurance in the aftermarket.
—Jacques Kelly, Baltimore Sun, 7 Apr. 2023
The number of layoffs decreased slightly, despite downsizing at major companies.
—Lauren Kaori Gurley, Washington Post, 7 Apr. 2023
He was introduced to the Alexander Technique — the movement training method adopted by numerous actors, and those suffering from RSI, to, among many things, reduce tensions and improve postural habits — while at his theater company.
—Alex Ritman, The Hollywood Reporter, 7 Apr. 2023
Blue Origin did so, but also removed the video from its own internal servers, reserving access only for a few officials at the company).
—Eric Berger, Ars Technica, 7 Apr. 2023
Like most major changes, shortening the work week is easier at smaller companies with salaried employees.
—Katie Johnston, BostonGlobe.com, 7 Apr. 2023
Yesterday, Reuters released a damning report on automotive maker Tesla that revealed employees at the company have had access to, and shared with each other, the videos that customers’ cars record.
—Kylie Robison, Fortune, 7 Apr. 2023
See More
These examples are programmatically compiled from various online sources to illustrate current usage of the word ‘company.’ Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Other forms: companies; companied; companying
Company most often implies a group, whether it be a group of people, a unit of firefighters, a small group of soldiers, or a group working for the same business.
Company can also refer to a visitor, often for dinner. This usage is both singular and plural, so if your mom says «there’s company coming for dinner,» you will need to know how many places to set at the table. There are more than a few idioms using the word company. When you are with someone, you “keep company” with them. For the more dour, there is “misery loves company.»
Definitions of company
-
noun
an institution created to conduct business
“he only invests in large well-established
companies”“he started the
company in his garage”see moresee less-
types:
- show 48 types…
- hide 48 types…
-
broadcasting company
a company that manages tv or radio stations
-
bureau de change
(French) an establishment where you can exchange foreign money
-
auto company, car company
a company that makes and sells automobiles
-
dot com, dot com company, dot-com
a company that operates its business primarily on the internet using a URL that ends in `.com’
-
drug company, pharma, pharmaceutical company
a company that makes and sells pharmaceuticals
-
East India Company
an English company formed in 1600 to develop trade with the new British colonies in India and southeastern Asia; in the 18th century it assumed administrative control of Bengal and held it until the British army took over in 1858 after the Indian Mutiny
-
electronics company
a company that makes and sells electronic instruments
-
film company
a company that makes, advertises, and distributes movies
-
food company
a company that processes and sells food
-
furniture company
a company that sells furniture
-
mining company
a company that owns and manages mines
-
shipping company
a company that provides shipping services
-
steel company
a company that makes and sells steel
-
subsidiary, subsidiary company
a company that is completely controlled by another company
-
transportation company
a company providing transportation
-
distributor
a company that markets merchandise
-
oil company
a company that sells oil
-
packaging company, packaging concern
a company that packages goods for sale or shipment or storage
-
pipeline company
a company that operates oil pipelines for the oil industry
-
printing business, printing company, printing concern
a company that does commercial printing
-
corporate investor
a company that invests in (acquires control of) other companies
-
takeover target, target company
a company that has been chosen as attractive for takeover by a potential acquirer
-
white knight
a company that is a friendly acquirer in a takeover
-
Ld., Ltd., limited company
a company that is organized to give its owners limited liability
-
holding company
a company with controlling shares in other companies
-
service
a company or agency that performs a public service; subject to government regulation
-
livery company
one of the chartered companies of London originating with the craft guilds
-
open shop
a company whose workers are hired without regard to their membership in a labor union
-
closed shop
a company that hires only union members
-
union shop
a company allowed to hire nonunion workers on the condition that they will join the union within a specified time
-
stock company
a company whose capital is represented by stock
-
joint-stock company
a company (usually unincorporated) which has the capital of its members pooled in a common fund; transferable shares represent ownership interest; shareholders are legally liable for all debts of the company
-
record company
a company that makes and sells musical recordings
-
mover, moving company, public mover, removal company, removal firm
a company that moves the possessions of a family or business from one site to another
-
think factory, think tank
a company that does research for hire and issues reports on the implications
-
shipper
a company in the business of shipping freight
-
startup
a newly established company or business venture
-
start-up
a newly established company or business venture
-
indie
an independent film company not associated with an established studio
-
trucking company
a company that ships goods or possessions by truck
-
direct mailer
a distributor who uses direct mail to sell merchandise
-
retail chain
a chain of retail stores
-
raider
a corporate investor who intends to take over a company by buying a controlling interest in its stock and installing new management
-
sleeping beauty
a potential takeover target that has not yet been put in play
-
white squire
a white knight that buys less than a majority interest
-
bank holding company
a holding company owning or controlling one or more banks
-
public utility, public utility company, public-service corporation, utility
a company that performs a public service; subject to government regulation
-
bus company, bus service
a public utility providing local transportation
-
type of:
-
establishment, institution
an organization founded and united for a specific purpose
-
noun
a band of people associated temporarily in some activity
“the
company of cooks walked into the kitchen”-
synonyms:
party
-
noun
an organization of performers and associated personnel (especially theatrical)
“the traveling
company all stayed at the same hotel”-
synonyms:
troupe
-
noun
a unit of firefighters including their equipment
“a hook-and-ladder
company” -
noun
small military unit; usually two or three platoons
see moresee less-
types:
-
trainband
a company of militia in England or America from the 16th century to the 18th century
-
type of:
-
army unit
a military unit that is part of an army
-
trainband
-
noun
crew of a ship including the officers; the whole force or personnel of a ship
-
noun
the state of being with someone
“he missed their
company”-
synonyms:
companionship, fellowship, society
-
noun
a social gathering of guests or companions
“the house was filled with
company when I arrived” -
noun
a social or business visitor
“the room was a mess because he hadn’t expected
company”-
synonyms:
caller
-
verb
be a companion to somebody
DISCLAIMER: These example sentences appear in various news sources and books to reflect the usage of the word ‘company’.
Views expressed in the examples do not represent the opinion of Vocabulary.com or its editors.
Send us feedback
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