Meaning of Company The word Company is an amalgamation of the Latin word Com meaning with or together and Pains

meaning bread. Originally, it referred to a group of persons who took their meals together. A company is nothing but a group of persons who have come together or who have contributed money for some common purpose and who have incorporated themselves into a distinct legal entity in the form of a company for that purpose. Generally, a company is a form of business organization. The precise definition varies from country to country. Companies, whether public or private, are an indispensable part of an economy. They are the modes through which a country grows and expands world wide. Their performance is an important parameter of a countries economic position.