what is the difference between firm and company?
Today my friend brought a slip( A self declaration letter) which read: In the first application we were wrongly mentioned the category as firm and we are originally belongs to ________ name. Hence we require to change the category as company.
Firm vs company | IndiaFinanceBazaar.com) link explains some difference but it is a bit vague.
According to your link, "firms" are partnerships while "companies" are any profit-making limited liability organization.
I understand the message as a Japanese citizen, though.
(I don't know the difference between 'firm' and 'company.')
firm - Definition and pronunciation | Oxford Advanced Learners Dictionary at OxfordLearnersDictionaries.com