Company

{
  "id": "MLC-T-LAW-001113",
  "term": "Company",
  "field": "Law",
  "definition": "A legal entity formed for commercial or industrial purposes, distinct from its owners, with the capacity to enter into contracts, own property, and incur liabilities. It can take forms such as a corporation, partnership, or limited liability company. The specific legal structure dictates its governance, tax obligations, and the liability of its members.",
  "url": "https://mlchart.com/terminology/law/company/"
}