Reason for why all companies are business but not all business are companies?
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Apr 12
All companies are considered businesses because they engage in commercial activities with the goal of making a profit. However, not all businesses are structured as companies. Some businesses may operate as sole proprietorships, partnerships, or other forms of organization that do not have the legal status of a company. Companies are typically registered entities that have a separate legal identity from their owners, whereas other types of businesses may not have this distinction. Additionally, companies are subject to specific regulations and requirements that may not apply to all types of businesses.