Abiblo Law - Company (1)
The word company has no strict legal meaning.
Many features of company law focus on the companies created by registration under Companies Act 2006.
There are 3 million companies in the United kingdom formed / registered under the Companies Act 2006.
What is a company ?
It is an association of a people of common objectives.
The reasons may be various ( from marriage to protection against elements as complicated as the objects of political party).
However, commonly company is associated with economic purpose to carry a business for gain.
However, company may not always focus on business association only due to the fact that -
-companies are not the only legal vehicles people used in order to perform business activity.
-companies incorporated under Companies Act may be useful for carrying not for profit business.