What Is The Difference Between A Company And A Corporation?

Here is the difference between a company and a corporation

1. Company:

Refers to a specific type of legally incorporated entity.
Established by a business person to operate a business.
Shareholders have limited liability protection.
Revenues are generally taxed at the corporate level, not at the individual shareholders' level.

Difference between a company and a corporation
Number	Company	Corporation
1	A company is a general term that refers to a business, while a corporation specifically denotes a type of business entity.	A corporation can have an unlimited number of owners, whereas a sole proprietorship or partnership has a limited number of owners.
2	A small company is managed by its owner, but a corporation can be managed by its owners or have independent managers.	A corporation is a distinct legal entity separate from its shareholders, while a company may either be separate or simply an extension of the business owner.
3	A company, in the case of a sole proprietorship, may have the owner's name or a trade name, whereas a corporation must have a unique name registered according to naming laws.	A corporation is required to hold annual meetings with its shareholders and the board, unlike a sole proprietorship or partnership.
4	A company may be taxed based on its business revenues or the business owners may report those revenues on their personal income taxes.	A corporations is automatically taxed as a separate legal entity