Main Difference
The main difference between Company and Organization is that the Company is a association or collection of individuals, whether natural persons, juridic persons, or a mixture of both and Organization is a social entity with a collective goal; social units of people that are structured and managed to meet a need, or to pursue collective goals.
Company
A company, abbreviated as co., is a legal entity made up of an association of people, be they natural, legal, or a mixture of both, for carrying on a commercial or industrial enterprise. Company members share a common purpose, and unite to focus their various talents and organize their collectively available skills or resources to achieve specific, declared goals. Companies take various forms, such as:
voluntary associations, which may include nonprofit organizations
business entities with an aim of gaining a profit
financial entities and banksA company or association of persons can be created at law as a legal person so that the company in itself can accept limited liability for civil responsibility and taxation incurred as members perform (or fail to discharge) their duty within the publicly declared “birth certificate” or published policy.
Companies as legal persons may associate and register themselves collectively as other companies – often known as a corporate group. When a company closes, it may need a “death certificate” to avoid further legal obligations.
Organization
An organization or organisation is an entity comprising multiple people, such as an institution or an association, that has a collective goal and is linked to an external environment.
The word is derived from the Greek word organon, which means “organ”.
Company (noun)
A team; a group of people who work together professionally.
Company (noun)
A group of individuals who work together for a common purpose.
“A company of actors.”
Company (noun)
A unit of approximately sixty to one hundred and twenty soldiers, typically consisting of two or three platoons and forming part of a battalion.
“the boys in Company C”
Company (noun)
A unit of firefighters and their equipment.
“It took six companies to put out the fire.”
Company (noun)
The entire crew of a ship.
Company (noun)
An entity having legal personality, and thus able to own property and to sue and be sued in its own name; a corporation.
Company (noun)
Any business, whether incorporated or not, that manufactures or sells products (also known as goods), or provides services as a commercial venture.
Company (noun)
Social visitors or companions.
“Keep the house clean; I have company coming.”
Company (noun)
Companionship.
“I treasure your company.”
Company (verb)
To accompany, keep company with.
Company (verb)
To associate.
Company (verb)
To be a lively, cheerful companion.
Company (verb)
To have sexual intercourse.
Organization (noun)
The quality of being organized.
“This painting shows little organization at first glance, but little by little the structure becomes clear.”
Organization (noun)
The way in which something is organized, such as a book or an article.
“The organization of the book is as follows.”
Organization (noun)
A group of people or other legal entities with an explicit purpose and written rules.
“In response to the crisis, the nations in the region formed an organization.”
“If you want to be part of this organization, you have to follow its rules.”
Organization (noun)
A group of people consciously cooperating.
“Over time, the spontaneous movement had become an organization.”
Organization (noun)
A major league club and all its farm teams.
“He’s been in the Dodgers’ organization since 2003.”
Company (noun)
a commercial business
“a company director”
“a shipping company”
“the Ford Motor Company”
Company (noun)
the fact or condition of being with another or others, especially in a way that provides friendship and enjoyment
“I really enjoy his company”
Company (noun)
a person or people regarded as pleasant (or unpleasant) to be with
“you’re not much company—I might as well go home”
“she is excellent company”
Company (noun)
the person or group of people whose society one is currently sharing
“he was silent among such distinguished company”
Company (noun)
a visiting person or group of people
“I’m expecting company”
Company (noun)
a number of individuals gathered together
“the Mayor addressed the assembled company”
Company (noun)
a body of soldiers, especially the smallest subdivision of an infantry battalion, typically commanded by a major or captain
“B Company of the Cheshire Regiment”
Company (noun)
a group of actors, singers, or dancers who perform together
“a national opera company”
Company (noun)
a group of Guides.
Company (noun)
a flock of wigeon (ducks)
“a company of wigeons occasionally numbers several thousand birds”
Company (verb)
associate with; keep company with
“these men which have companied with us all this time”
Company (verb)
accompany (someone)
“the fair dame, companied by Statius and myself”