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Difference between a Company and a Corporation

Company

A company is one of the forms of business organization, which is formed and registered under the prevailing company laws of the country for the time being and erstwhile as well.



A company is considered as an ‘artificial person’ (man-made person) as it enjoys various rights just like a person.

A company is established by a group of persons, the requirement for minimum number of shareholders for incorporation of the company depends upon the type of the company to be incorporated. Even a single person can incorporate a company in some countries, which is known as 'One Person Company' - it is also a kind of private company.

A company is established and continued to be operated as a separate legal entity by natural persons, though both natural and artificial person (other organisations) may contribute resources (viz. capital, loans, etc.) for its operation.

The company has perpetual succession. It can only be wound up by following necessary legal procedure.


The persons, who contribute to the capital to the company, entrust the management of the company in the hands of the Board of Directors of the company, who then appoint the senior management to carry out the day to day affairs.

company vs corporation difference

Corporation


A corporation is no different form of business organisation than a company. It is treated as one and the same with a company in many countries.



Government companies, public sector undertakings and certain other kinds of companies use the word 'Corporation' as a suffix at the end of their name, whereas the non-govt companies use the suffix 'Private Limited' or 'Pvt Ltd' if it is a private  limited company and 'Limited' or 'Ltd' if it is a public limited company.

Check out the abbreviation used by many companies across the world - click here.

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