Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

What is the difference between
CORPORATION and ORGANIZATION

Tags: money, computers & internet
Asked by Amol Raikar, 09 Mar '13 11:16 am
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (4)

1.

An organization is a social entity that has a collective goal and is linked to an external environment. There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and universities. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities.

An Corporation is a separate legal entity that has been incorporated through a legislative or registration process established through legislation. Incorporated entities have legal rights and liabilities that are distinct from their shareholders,
Answered by LIPSIKA, 09 Mar '13 11:32 am

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
 
2.

A corporation is a legal term. You need to be approved by a state and generally issue shares and all that stuff. A company is a generic term that can be used for any type of business. Pretty much the same for organization, but that is typically used more often for non-profit agencies.If an organization is incorporated under the Companies Act (registered) it becomes a Company. Corporation denotes an incorporated organization. It need not necessarily be registered under the Companies act. It could be an incorporated body by an Act of Parliament or by a seperate Legislation. Organization is a group of people comming together in a legally organised manner for achieving a common goal with a business and if such organization is registered under various statutes, it becomes a Society or Partnership or a Company.
Therefore all companies and corporate bodies are Organizations. All Corporations need not be companies. All companies are not Corporations even though they are incorporated bodies.
Answered by Ataur Rahman, 09 Mar '13 11:18 am

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
3.

Corporation denotes an incorporated organization. It need not necessarily be registered under the Companies act. It could be an incorporated body by an Act of Parliament or by a separate Legislation.... Organization is a group of people coming together in a legally organized manner for achieving a common goal with a business and if such organization is registered under various statutes, it becomes a Society or Partnership or a Company
Answered by Annes, 09 Mar '13 01:26 pm

 
  
Report abuse
Useful
 (1)
Not Useful
 (0)
Your vote on this answer has already been received
4.

A corporation is a legal term. You need to be approved by a state and generally issue shares and all that stuff. A company is a generic term that can be used for any type of business. Pretty much the same for organization, but that is typically used more often for non-profit agencies.
Answered by anil garg, 10 Mar '13 11:31 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining