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A '''company''', abbreviated as '''co.''', is a [[Legal personality|legal entity]] representing an association of legal people, whether [[Natural person|natural]], [[Juridical person|juridical]] or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals.
Over time, companies have evolved to have following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy."<ref name=":0">{{Cite journal |last=Turner |first=John D. |date=2024-01-30 |title=Three centuries of corporate governance in the United Kingdom |url=https://onlinelibrary.wiley.com/doi/10.1111/ehr.13326 |journal=The Economic History Review |language=en |doi=10.1111/ehr.13326 |issn=0013-0117|doi-access=free }}</ref> The company, as an entity, was created by the [[State (polity)|state]] which granted the privilege of incorporation.<ref name=":0" />
Companies take various forms, such as:
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