Whats the difference between an Organisation, Company, Firm and an Institute?

[akash_m]

I know that these words are often used as a sustitute to one another, but can any one quote the exact difference between an Organisation, Firm, Company, Institute and an Office?

Examples would be a great help.


P.S: may sound like a layman question to some, but still I am eager!

[discobiscuit]

My best attempt

Organization = Company + Office

Institute = Center for developing/enhancing skills & research related

Firms = Businesses that are 1 to 1 with the customer (think that is very vague)

I could be totally wrong.

[aZa]

Company - Business Unit Private Limited / Public. Registration is imperative.

Firm - Business Unit Sole proprietorship, HUF etc. Registration is not imperative.

Organisation : A group of people working towards the same goal, like a co-op society. err ...

Institute : Educational / research oriented

Office : Place of work



I could be wrong though

[yzfrj]

Never really thought it was that different.
To tell you the truth did't know.

aZa

Good job buddy.

[dwaraka]

Organization is body of persons which might have business or social activities

Company is a body corporate registered under Companies Law of any country, having shareholders subscribed to the common stock , otherwise called in India as Equity Shares. Companies are business organizations, with profit making as motive. Companies are governed by Board of Directors, who represent Shareholders in general and run the business on day to day. There are two types of companies, Private Ltd. Companies and Public Limited Companies.

Public limited companies are generally owned public shareholders/ common stock holders which are also known as Listed companies on stock exchanges.

Private Limited companies are owned by a set of shareholders and is not listed on stock exchanges.


Firms : Mostly referred as Partnership firms are registered under Partnership Act and are owned by Partners morethan 1 and less than 20 in number. Firms are with business motive.

Hope am correct.

Warm regards,
Dwarak

[BaCkSeAtDrIVeR]

Whats the difference between an Organisation, Company, Firm and an Institute?

Company, Firm and an Institute - all are organised, so that they can go around doing their purpose.

You need an organisation when more than one person is involved in getting something done.

Company is a legal entity - just like a human being, but no flesh, blood or soul (you know now why most of those business houses are extremely inhuman). 2 or more persons (I did not say individual - I said persons) can form a private limited company. For all other forms of companies (even non-profit companies - mostly clubs) require 7 or more).

A "firm" in the strict sense in India is a partnership. A partnership is a mutual agency between persons (again, NOT individuals) to go on with an enterprise - business only. It may be for a specific purpose, or may be for a specified period, or for carrying on an "on going business". The term firm is also applied to companies, in economist's lingo.

Institute - Institute - Wikipedia, the free encyclopedia

Firm - Firm - Wikipedia, the free encyclopedia

Organisation - Wikipedia, the free encyclopedia

[akash_m]

Originally Posted by aZa

Company - Business Unit Private Limited / Public. Registration is imperative.

Firm - Business Unit Sole proprietorship, HUF etc. Registration is not imperative.

Organisation : A group of people working towards the same goal, like a co-op society. err ...

Institute : Educational / research oriented

Office : Place of work



I could be wrong though

If I am working in a movie theatre or a sweet shop, does that mean i am going to my office?

[toiingg]

Originally Posted by akash_m

If I am working in a movie theatre or a sweet shop, does that mean i am going to my office?

Yes, why not ?

For someone who has a garage, that is his office, isn't it ?

[redfire]

Hehe. Do you know what is this?



This is Valnetino Rossi's office .

[johnda]

Originally Posted by aZa

Company - Business Unit Private Limited / Public. Registration is imperative.
Firm - Business Unit Sole proprietorship, HUF etc. Registration is not imperative.
Organisation : A group of people working towards the same goal, like a co-op society. err ...
Institute : Educational / research oriented
Office : Place of work

I could be wrong though

Yes, its pretty much right i think. if i was to add to this.
Company - no limit to the size - both ways. So we have small company's and big companies
Firm - is most commonly with more than one partner, with an agreement between them. like a Law firm..
Organization: an association with multi purposes mostly non business (arguable because of fund raiser etc)
Institute - training center. but different from 'Institution'

OFFICE - the joining force between all of the above.
Any place of work, whether sea facing cubicle on a high rise, or STD booth under a fight of steps in the same high rise. To the person working there that is OFFICE. (he better see it that way for optimum output)

[kartikkumar]

Originally Posted by akash_m

I know that these words are often used as a sustitute to one another, but can any one quote the exact difference between an Organisation, Firm, Company, Institute and an Office?

Examples would be a great help.


P.S: may sound like a layman question to some, but still I am eager!

Is there a basis to this question or is born out of curiosity? Do you want the legal definitions or simple explanations, in which case the post above adequately describe each. Legally speaking, there are - a sole proprietership, a partnership, a company under the Companies Act, 1956, a trust (private or public), an association of persons, and a society. Without knowing the context in which the question has been asked, it would be a little difficult to provide an answer.