Company  this is legal definition of a form of corporate body, permitted by the local legislation, which permits a group of people, as shareholders, to create an organization, which can then focus on persuing set objectives in the Establishing Act, and entitled with legal rights which are usually only reserved for individuals, such as to sue and be sued, own and manage assets, hire employees or loan and borrow money. Also known as a “corporation” or “corporate body”. The primary advantage of a company structure is that it provides the shareholders with a right to participate in the profits (by dividends) without any personal liability (the company absorbs the entire liability of the business). But shares of the concrete shareholder could be burdened, i.e. the company to be affected by the debts of the shareholder towards creditors.

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