Why. Does a Company Or Corporation Exist?

    There seems to be some confusion in the public mind concerning why a company or corporation exists. Examples of companies or corporations are United Supermarkets, Bain Capital, General Electric, and Exxon Mobil.
    The reason for their existence is very simple. They exist only to make a profit, or some say, "make money".
    In order to make a profit, they need to supply a desired product or service or both to consumers. Consumers may be the general public, as for example customers for automobiles, or a consumer may be another company needing a software program for their computer operations.
    In order to supply a product or service, a company always needs people to operate the supply system. In other words it makes jobs, but those jobs only continue to exist as long as the company continues to make a profit. The balance lies primarily in the effectiveness of the employees. They must make a product or service of customer-desired type and quality and do so at a cost which is as good as or better than the same functions performed by their competitors. The sales organization must bring to a customer's attention the merits of the product, so that the customer will buy and contribute revenue.
    Without a high level of revenue and low costs, profit ceases to exist and the company disappears. With the disappearance of a company, jobs are lost.
    Note again that the only reason for the company to exist is to make a profit. It is not there to supply products or services to customers, not there to make jobs, not there to pay taxes, not there to create environmental problems and not there to justify government regulations. All of these are ancillary to the company's objective, which is always to make a profit. Without a profit and the disappearance of the company, products and services cease to be generated and available to the public, unemployment develops, there are no taxes, and there's nothing to regulate.
    What about the public good? Don't companies have a responsibility to the general public? The answer is an emphatic "No". There are other mechanisms and procedures, which handle the needs of our society.
    When a company makes money, the owners of the company and the employees also make money. Each of these uses that money at his own discretion. It can go to a variety of things, such as food  rent, RVs, boats, college education, etc., but most people also have an altruistic side. They contribute money primarily to their churches and charities.
    There are a multitude of charities including those for blinded veterans, animals support, poor people, etc. All of these have one thing in common. Contrary to companies, charitable organizations do not exist to make a profit. They exist only for the reason to disperse money which is given to them.