Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
This question is about jobs.
What is the difference between a company and a corporation?
The difference between a company and a corporation is that a corporation is owned by its shareholders, while a company may be owned by an individual in full (sole proprietorship), or several individuals in full (partnership).
A company refers to a single individual or group of individuals who act in a commercial strategy to gain profit in a specific industry. This may be related to specific products and/or services.
A corporation refers to a specific type of legal entity that is incorporated and owned by shareholders. Its shareholders have limited liability protection and revenues are taxed from the business entity, not the shareholders. Corporations might own another company, and act as its parent company.
Here are the key differences between a company and a corporation:
In general, a company refers to a business
A corporation refers to a specific business entity
Corporations are typically much larger than companies
A corporation is owned by its shareholders
A company can be owned by a single individual, several individuals, or a group of shareholders
A corporation can have an unlimited number of shareholders
A company that is structured as a sole proprietorship or a partnership has a limited number of owners
Corporations are taxed by default as a C Corporation (separate legal entity)
A company might be taxed on its business revenues
A corporation can act as a company's parent company
A company can not act as a parent company to a corporation
Choose from 10+ customizable resume templates
Zippia allows you to choose from different easy-to-use templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
