This is the 665th most frequent Danish word.
selskab
"Company," "society," or "gathering."
In this sentence, 'selskab' refers to the group of people whose company one enjoys.
Jeg nyder at være i godt selskab.
I enjoy being in good company.
In this context, 'selskab' refers to an organized business enterprise.
Hun overvejede at starte sit eget selskab.
She considered starting her own company.
Here, 'selskab' means a business or corporate entity.