Commonly used where companies are formed for non-commercial purposes, such as clubs or charities.
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. Commonly used where companies are formed.
The members guarantee the pay ment of certain (usually nominal) amounts may associate and collectively register themselves as new companies.