What is a Company?
A company is a legal entity formed by a group of individuals to carry on a business. It is a separate legal entity from its owners, which means it can enter into contracts, own assets, and incur debts.
Types of Companies
- Private Limited Company
- Public Limited Company
- Partnership
- Sole Proprietorship
Examples of Companies
Google, Apple, Amazon, and Microsoft are all examples of successful companies that have made a significant impact on the global economy.
Case Studies
One example of a successful company is Tesla, which revolutionized the electric car industry. Through innovative technology and a focus on sustainability, Tesla has become a leader in the automotive industry.
Statistics
According to the Small Business Administration, there were 31.7 million small businesses in the United States in 2020, making up 99.9% of all businesses in the country.
