Company Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Company, written in plain English, along with examples of how it is used.

What is Company?

It is a legal association between persons for trading or manufacturing of goods with the intention oe earning profits.It can be in the form of partnership,corporation, joint stock company. They need to fullfill ceratin legal formalities according to the state, federal or local laws like obtaining a licence, getting the company registered etc.