Access from your Country was disabled by the administrator. This article includes a list of references, but its sources remain unclear because it has insufficient inline citations. Please help to improve this article by company law pdf download more precise citations. Company members share a common purpose, and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals.
When a company closes it may need a “death certificate” to avoid further legal obligations. A company can be defined as an “artificial person”, invisible, intangible, created by or under law, with a discrete legal personality, perpetual succession, and a common seal.
It is not affected by the death, insanity, or insolvency of an individual member. Old High German galeipo “companion” and Gothic gahlaiba “messmate”. By 1303, the word referred to trade guilds.
Usage of company to mean “business association” was first recorded in 1553, and the abbreviation “co. 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 similar legislation.
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. In the US, a company is not necessarily a corporation.