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Although the word 'company' is widely used, its meaning is imprecise and confusing. Use of 'company' should be avoided. All it really implies is that there is more than one person, and nothing else. A corporation, on the other hand, means an entity which has been incorporated. Sometimes a corporation will include the word 'company' as part of its formal name. There's nothing wrong with doing that, but the word is as meaningless as, for example, 'acme.' It's best to stick to the word 'corporation.'
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∙ 15y ago
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