In terms of legal actions, how is a company treated?

It can both sue and be sued

A company, as a distinct legal entity, has the capacity to both initiate legal actions (sue) against other parties and defend itself in legal actions (be sued) brought by others. Just like an individual, a company can enter into contracts, own property, and engage in various legal transactions. Therefore, it has the legal standing to participate in legal proceedings on both sides – as a plaintiff (suing) or as a defendant (being sued).