company

A company is any form of business organization that engages in a business or commercial activity for profit . Commonly, companies are incorporated as separate legal entities from their owners, and they have rights , liabilities , and legal capacities distinct from those of their owners or members.

The most common forms of business organizations are:

• Corporations
• Limited liability companies
• Partnerships
• Sole proprietorship

[Last reviewed in December of 2021 by the Wex Definitions Team ]

Wex

• COMMERCE
• business law
• business organizations
• corporations
• wex definitions