A legal entity formed that has a different legal indentity from
its members is called a company. Companies are usually formed
for small business, public investment, or non-profit reasons.
Small businesses are mostly comprised of sole traders who are
limited in liability, but still controlled by the founders of
the company. Public Investment companies are created so that the
pubic may invest in the business without administration. Public
investment companies are usually amdinistrated by a board of
directors. Non-Profit companies are formed for social,
charitable, or virtually charitable reasons so that the sponsors
are not complete liability.