Companies are a type of organization mainly formed with the purpose of carrying out business of some kind or the other. Companies may be of different kinds like a partnership, joint stock company or trust depending on the type of organization they have formed. They may be either public or private depending on the ownership.Organization refers to a body formed by individuals. An organization has all the people working towards a common goal. The broad policies of the organization lay down the goals or aims that are to be followed by those working there. An organization maybe established for any purpose and need not necessarily be profit. A group of people working towards a common aim, an organization is a body dedicated to achievement of a particular purpose. The type of organization would depend on the ownership, aim of existence and the structure.
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