Keyword Analysis & Research: features of company

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What are the features of a company?

The distinctive features of the company form of organisation are as follows: 1. Separate legal existence: A company has a distinct legal entity independent of its mem­bers. It can own property, make contracts and file suits in its own name. Shareholders are not the joint owners of the company's property.

What are the characteristics of a company?

The company has several distinct characteristics; the significant ones are discussed here: A company is a separate legal entity from its members who constitute it. It can hold, purchase and sell properties and enter into contracts in its own name. It is an artificial legal person who can sue aid be sued.

What are common features of an organization?

Common Features of Business Organizations. An organization is just like a human body. The most common features of business organizations are; structure, processes, relationships, authority and responsibility, performance and behavior of individuals and groups.

What are the features of a public company?

A public company divides management from ownership. This is one of the most important characteristics of a public company. The shareholders, at least the major ones, met regularly and, among other things, hire its management. Shareholders do not, as a rule, run the firm at the managerial level.

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