3 ms·

You can't just create a company - you need a legal framework for a company to exists.

• dragonwriter 5y ago
  > You can't just create a company - you need a legal framework for a company to exists. Not really, because “company” is a generic term for any organization of people with a common business purpose independent of whether it has a distinct recognized legal recognition, existence, or treatment separate from the constituent individuals. A corporation, LLC, or other legally recognized business entity requires a legal framework.
  • squiggleblaz 5y ago
    > Not really, because “company” is a generic term for any organization of people with a common business purpose independent of whether it has a distinct recognized legal recognition, existence, or treatment separate from the constituent individuals. This isn't really true. A company doesn't include the employees of the company, not the way I used it and not the way the parent used it. So it doesn't refer to a generic term for any organisation of people with a common business purpose. It really only refers to those which have some category of legal framework.
• awillen 5y ago
  No, this logic is circular. You're defining a company as a thing that we've legally defined as a company, ergo you must have legally defined something as a company for a company to exist. That's not true, though - the non-legal definition of a company is "a commercial business." You can absolutely have a commercial business without a legal framework for it. People engaged in work and trade well before anyone wrote up a legal framework for companies.