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LSDefine

Simple English definitions for legal terms

company

Read a random definition: pollution exclusion

A quick definition of company:

Company: A company is a type of business that makes money by selling goods or services. It is like a team of people who work together to make things or provide services to customers. A company is separate from the people who own it, and it has its own rights and responsibilities under the law. There are different types of companies, such as corporations, limited liability companies, partnerships, and sole proprietorships.

A more thorough explanation:

A company is a type of business that operates to make a profit. It can take many forms, such as:

These different types of companies have their own unique characteristics, but they all share the common goal of making money.

When a company is formed, it becomes a separate legal entity from its owners. This means that the company has its own rights, liabilities, and legal capacities that are distinct from those of its owners or members.

For example, if a corporation is sued, the owners' personal assets are generally protected from being used to pay any damages. This is because the corporation is a separate legal entity that is responsible for its own actions and debts.

Overall, a company is a business organization that exists to make a profit and has its own legal identity separate from its owners.

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TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
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