> > a company is an organization of humans. > No it isn't. A company (or corpora... | Hacker News

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dragonwriter on March 5, 2016 | parent | context | favorite | on: Reports Coming in of Big IBM Layoffs Underway in t...

> > a company is an organization of humans.

> No it isn't. A company (or corporation) is a legal fiction in which the owners are pooling resources to make money.

A company is a generic term in English for any (particularly business) organization. It includes things that do not have distinct legal identity from the persons comprising the organization.

A corporation is specifically a particular form of company, distinguished by distinct legal personhood and other particular legal treatments.

gozur88 on March 5, 2016 [–]

Common usage for the word "company" isn't really relevant to this discussion.

dragonwriter on March 5, 2016 | | [–]

That's not just common usage, it's the technical difference between "company" and "corporation".

dllthomas on March 5, 2016 | | [–]

But "company" includes partnerships and sole proprietorships without any resort to common usage.

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