Company (law)
In law, a company is any group of people united to pursue a common interest. This term in general is synonymous with association, but more often it is used specifically to identify for-profit associations, such as the partnership, the joint-stock company, and the for-profit corporation.
As a general rule, unless the company is a corporation, its members do not have limited liability. Many jurisdictions, however, have offered alternative forms of business organization that use the term company, have limited liability, and are not corporations. See types of companies.
See also: Lists of companies
