10 [Talent Management and HRM]: Overview of Company: How to start a Company?, What are the Talent Positions?, How to Create a Project? , Business Ethics and Project Management Methodologies
Image credit: iEduNote ( https://www.iedunote.com/marketing-organization ) What is a Company? A company is a legal entity formed by a group of individuals to engage in and operate a business commercial or industrial enterprise. A company may be organized in various ways for tax and financial liability purposes depending on the corporate law of its jurisdiction. The line of business the company is in will generally determine which business structure it chooses such as a partnership, proprietorship or corporation. These structures also denote the ownership structure of the company. A partnership is a formal arrangement by two or more parties to manage and operate a business and share its profits. A sole proprietorship also referred to as a sole trader or a proprietorship—is an unincorporated business that has just one owner who pays personal income tax on profits earned from the business. Many sole proprietors do business under their own names because creating a separat