Companys

A company is a legally recognized business entity formed to produce goods or services. The plural in English is "companies"; "companys" is typically a misspelling, though it can appear in brand names or historical texts. A company has its own legal rights and responsibilities separate from its owners, enabling it to enter contracts, own property, sue or be sued.

Common forms include corporations, limited liability companies, partnerships, sole proprietorships, and cooperatives. Formation generally requires registration with a government authority, such as filing articles of incorporation or memorandum of association, and establishing a governing framework such as bylaws or operating agreements. Ownership is typically divided into shares in corporations or membership interests in alternatives, with liability limited to the company’s assets in most forms.

Governance involves a board of directors and management; shareholders or members may have voting rights. Public companies may face disclosure, reporting, and securities regulation. Tax treatment varies by jurisdiction and business form. Companies pursue objectives such as profit, mission, or social impact, and may grow through reinvestment, partnerships, or acquisitions. They can liquidate, merge, or restructure, affecting employees and creditors.