Organization Explained: Meaning, Types, Process, and Risks
A **company**—often casually called an **organization** in everyday speech—is the basic legal and economic unit through which most business activity happens. It is the structure that allows people to pool money, sign contracts, own assets, hire employees, borrow funds, and, in many cases, raise capital from investors. Understanding what a company is helps with everything from starting a business to reading annual reports and evaluating stocks.