A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as:
A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations.
Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. (Full article...)
In the Lillehammer bid for the 1994 Winter Olympics, the agreement between Lillehammer Municipality and the state specified that the municipality was responsible for financing all necessary sports venues. However, after the games were awarded the responsibility was taken over by Lillehammer Olympic Organizing Committee (LOOC) and the town's five venues were ultimately funded through state grants. To allow for post-Olympic use, a fund was created by the state, of which Lillehammer Olympiapark received 146 million Norwegian krone (NOK). Unlike the Hamar venues, which survive on their fund's yield, the Lillehammer venues have used up their capital. From 2014 the post-Olympic use fund will be depleted and alternative organization and funding is being looked into. A leading proposal is that the bobsleigh and luge track be taken over by the state, while the remaining venues be retained by the company and jointly funded by the municipality and Oppland County Municipality. (Full article...)
Image 530 St Mary Axe, London, widely known by the nickname "The Gherkin", and occasionally as a variant on The Swiss Re Tower, after its previous owner and principal occupier. Swiss Re is the world’s second-largest reinsurance company.
Image 11The Intel 80486DX2 is a CPU produced by Intel Corporation that was introduced in 1992. Intel is the world's second largest semiconductor company and the inventor of the x86 series of microprocessors.
The phrase literally means "nameless partnership" or "anonymous venture" and comes from the fact that the partners (the shareholders) are not directly known. This is in contrast to the term for a private limited company, which is called besloten vennootschap (an "exclusive" or "closed partnership", one in which stock is not for sale on open markets). (Full article...)