A company as an organization has many specific details which together form it a different management and its characteristics. The main characteristics of a company are following: The Legal Entity : The characteristics of every company is registered under the existing law and it has a different legal entity part of the members or shareholders of the company . The company is a fake person and it is a legal unit . It has certain rights and privileges of a natural person . A registered company has the right to acquire and ownership as well as transfer property in its own name. The act of a company can be held liable for no shareholders. The Limited Liability members of a company The liability of each member of a company is limited to the amount payable by him as an investor and the values of shared are subscribed by him.There is no member can be called upon to pay more than that amount may be the term of liability of the company . The Transferable Shares of a compan...