company

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A company, abbreviated as co., is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise. Company members share a common purpose, and unite to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals. Companies take various forms, such as:

voluntary associations, which may include nonprofit organizations
business entities with an aim of gaining a profit
financial entities and banksA company or association of persons can be created at law as a legal person so that the company in itself can accept limited liability for civil responsibility and taxation incurred as members perform (or fail to discharge) their duty within the publicly declared "birth certificate" or published policy.
Companies as legal persons may associate and register themselves collectively as other companies – often known as a corporate group. When a company closes, it may need a "death certificate" to avoid further legal obligations.

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    In a supply/distributor agreement with a manufacturer the following termination clause is included - The distributor represents and warrants that neither it not any of its group members (if any) is insolvent or is deemed or presumed insolvent under any applicable law.... The agreement is...
    • pb3
    • Thread
    • clause company contract corporations act group insolvency liquidation sole trader
    • Replies: 3
    • Forum: Commercial Law Forum
  2. C

    NSW COMPANY TITLE

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  3. T

    NSW Private company share sale

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  4. J

    NSW Unpaid invoices for company being sold

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  5. BigManCave

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  6. L

    QLD payment for work, from a company you don't work for!

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  7. mkbond2008

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  8. S

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  9. Mega3000

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  10. G

    NSW Work for one company, but forced to do unpaid work for another

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