Title Lorem Ipsum

Company and Community

By Majidov Ogabek

Their differences

Noun

• A team; a group of people
• who work together professionally.
• A group of individuals who work
• together for a common purpose.

Noun

• A group sharing a common
• understanding and often the

same language, manners, tradition

and law. See civilization.

• Hallam

Burdens upon the poorer classes

of the community .

Company

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:

• voluntary associations, which may include nonprofit organizations
• business entities, whose aim is generating profit
• financial entities and banks
• programs or educational institutions.

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.

Community

A community is a social unit (a group of living things) with commonality such as place, norms, religion, values, customs, or identity. Communities may share a sense of place situated in a given geographical area (e.g. a country, village, town, or neighbourhood) or in virtual space through communication platforms. Durable relations that extend beyond immediate genealogical ties also define a sense of community, important to their identity, practice, and roles in social institutions such as family, home, work, government, society, or humanity at large. Although communities are usually small relative to personal social ties, "community" may also refer to large group affiliations such as national communities, international communities, and virtual communities

The English-language word "community" derives from the Old French comuneté (currently "Communauté"), which comes from the Latin communitas "community", "public spirit" (from Latin communis, "common").

Human communities may have intent, belief, resources, preferences, needs, and risks in common, affecting the identity of the participants and their degree of cohesiveness.

Objectives

A community interest company is a business with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or the community, rather than being driven by the need to maximize profit for shareholders and owners. CICs tackle a wide range of social and environmental issues and operate in all parts of the economy. By using business solutions to achieve public good, it is believed that CICs have a distinct and valuable role to play in helping create a strong, sustainable and socially inclusive economy.

Community interest company

The community interest company emerged from many sources, many citing the absence in the UK of a company form for not-for-profit social enterprises similar to the public benefit corporation in the United States. One notable early proposal was advanced in 2001 by the Public Management Foundation in "The case for the public interest company“, based on research supported by the Gulbenkian Foundation, Gordon Roddick, and the Office for Public Management.

CICs are diverse. They include social and community enterprises, social firms, mutual organizations such as 

co-operatives, and large-scale organizations operating locally, regionally, nationally, or internationally.

A community interest company (CIC, colloquially pronounced "kick") is a type of company introduced by the United Kingdom government in 2005 under the Companies (Audit, Investigations and Community Enterprise) Act 2004, designed for social enterprises that want to use their profits and assets for the public good. CICs are intended to be easy to establish, with all the flexibility and certainty of the company form, but with some special features to ensure they are working for the benefit of the community. They are overseen by the Regulator of Community Interest Companies.

A community interest company (CIC, colloquially pronounced "kick") is a type of company introduced by the United Kingdom government in 2005 under the Companies (Audit, Investigations and Community Enterprise) Act 2004, designed for social enterprises that want to use their profits and assets for the public good. CICs are intended to be easy to establish, with all the flexibility and certainty of the company form, but with some special features to ensure they are working for the benefit of the community. They are overseen by the Regulator of Community Interest Companies.

CICs have proved popular and some 10,000 were registered in the status's first ten years

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