<![CDATA[lighthunter]]> 2007-03-27T12-48-10 CST bokee.net Copyright (c) 2005, gtzhan company, firm and corporation 2007-01-17T11-13-52 CST 2007-01-17T11-13-52 CST 2007-01-17T11-13-52Z tag:gtzhan.blogchina.com,2005://504809 gtzhan http://www.bokee.net/blogmodule/weblogcomment_index/gtzhan.html 商务英语网摘 company
Definition
 
Any entity engaging in business, such as a proprietorship, partnership, or corporation.
 
 
 
 
 
firm
Definition

Any business, such as a sole proprietorship, partnership or corporation.
 
 
 
 
 
 
corporation
Definition
 
The most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. The process of becoming a corporation, call incorporation, gives the company separate legal standing from its owners and protects those owners from being personally liable in the event that the company is sued (a condition known as limited liability). Incorporation also provides companies with a more flexible way to manage their ownership structure. In addition, there are different tax implications for corporations, although these can be both advantageous and disadvantageous. In these respects, corporations differ from sole proprietorships and limited partnerships. 
 
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