Company

A company is a legal entity formed by a group of individuals to engage in and operate a business enterprise. This business can be commercial or industrial. Companies can be organized in various ways for tax and financial liability purposes, depending on the corporate law of the company's jurisdiction. Often the line of business the company engages in dictates the structure it chooses. In the United States, these types of companies are defined by tax laws administered by the Internal Revenue Service and individual state dictates.