| 释义 |
company
n. An association formed to conduct business or other activities in the name of the association. Most companies are incorporated (see incorporation) and therefore have a legal personality distinct from those of their members. Incorporation is usually by registration under the Companies Act 2006 (see registration of a company) but may be by private Act of Parliament (see statutory company), by a public general Act (public corporation), or by royal charter (chartered company). Shareholders and directors are generally protected when the company goes out of business. See community interest company; foreign company; limited company; private company; public company; unlimited company; Welsh company. In the corporation tax legislation, a “company” means any body corporate or unincorporated association (Taxes Act 1988, s 832(1),(2)) but does not include a partnership, a local authority, or a local authority association (Frampton (Trustees of the Worthing Rugby Football Club) v IRC [1987] STC 273; Blackpool Marton Rotary Club v Marin [1988] STC 823). Authorized unit trusts are treated as if they were companies (Taxes Act 1988 s 468). |