Next, let us look at other differences between companies, joint-stock companies, and enterprise companies :
1. "Company" is a general term that can refer to any size of business entity; "legal person" is a legal entity with legal status and special tax status; "enterprise" is innovative, entrepreneurial, and creative Business; "The Firm" emphasizes professional teamwork and professionalism.
Example:
- We run a small company specializing in web design.
We run a small company specializing in website design.
The company is one of the largest pharmaceutical companies in the world.
This company is one of the largest pharmaceutical companies in the world.
-The company was founded by a group of young entrepreneurs who love technology.
This company was founded by a group of young entrepreneurs who love technology.
Our firm provides legal services to small businesses.
Our firm provides legal services to small businesses.
2. "Company" and "Firm" are more general and flexible, and are usually used to describe business entities of different types and sizes; "Company" is a more formal entity with legal status.
Example:
After losing his job, he decided to start his own company.
After losing his job, he decided to start his own company.
-The consulting firm has offices in five different countries.
The consulting firm has offices in five different countries.
The company decided to invest millions of dollars in new research and development.
The company decided to invest millions of dollars in new research and development.
3. "Enterprise" usually emphasizes a new enterprise, emphasizing innovation, creation and risk.
Example:
-This young entrepreneur started his business with a vision to transform the automotive industry.
The young entrepreneur began his business trip with the goal of changing the automotive industry.
4. "Firm" and "company" usually emphasize professional and highly organized business entities, focusing on their internal professional teams and processes.
Example:
His law firm specializes in international trade regulations.
His law firm specializes in international trade regulations.
-Multinational companies have a highly structured management system.
This multinational company has a highly structured management system.
5. “Company” and “firm” may be used for various forms of business entities, including limited liability companies, private companies, and public companies.
Example:
- Startup attracts a lot of attention from investors.
The startup has attracted the attention of many investors.
-Accounting firms provide tax preparation services to businesses and individuals.
This accounting firm provides tax planning services to businesses and individuals.