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This is what I found in another forum via google. Multiple threads on other forums linked to this thread as well.
"I look at 'firm' as generally being some form of a professional partnership such as a firm of accountants, a law firm, etc. i.e it is not incorporated and has no statutes, just possibly a partnership agreement, but not always.
A 'company', by contrast, is a legally constituted organization having shareholders and statutes and is governed by legislation under the various Companies Acts
'Business' is I feel more generic and could apply to either of the above although it is perhaps more often used to refer to tradespeople: butchers, bakers, greengrocers, a mom & pop stores, etc."
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