Difference between Organization and Company

Basis	Organization	Company
Meaning	An organization is a structured group of people working together to achieve common goals or objectives.	A company is a specific type of organization, typically formed for the purpose of conducting business activities.
Legal Recognition	An organization is not necessarily a separate legal entity. It can be a trust, association, society, etc.	A company is a distinct legal entity recognized by law. It can be a partnership, LLP, private limited company, public limited company, etc.
Profit Objective	An organization may or may not have profit as the primary motive.	A company is typically established with the primary objective of making profits for shareholders or owners.
Ownership Structure	An organization may have founders, members, or trustees.	A company has shareholders or partners, depending on the legal form (except for sole proprietorship).
Liability	Liability may vary depending on the legal form.	There is limited liability for shareholders or partners.
Taxation	An organization is tax-exempt if registered as a non-profit entity and meets certain criteria.	A company is subject to corporate taxation on profits. Tax benefits are available based on the legal form and compliance with regulations.
Formation Requirements	Formation requirements may vary depending on the type (trust, society, etc.). It typically involves registration with appropriate regulatory authorities.	Formation involves registration with the Registrar of Companies (RoC) under the Companies Act, 2013. A company has more formalized process with defined legal requirements.

Difference between Organisation and Company

Organization and Company are two terms which are often used interchangeably. An organization is a structured group of people working together to achieve common goals or objectives; whereas, a company is a specific type of organization, typically formed for the purpose of conducting business activities.