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Indicate all affiliations with a lower-case superscript letter immediately after the author's name and in front of the appropriate address. Provide the full postal address of each affiliation, including the country name, and, if available, the e-mail address of each author.
In the Institution field, you should enter the name of your present university or organization, where you are studying or working, as the case may be. As you mentioned 'company,' in case you are working in a corporate organization (in an industry job), you need to mention the name of this organization.
The affiliation letter should indicate the author's willingness to work with you on the. intended project and it should speak to the feasibility and validity of what is being proposed. The letter should also indicate any additional resources or contacts that the adviser can provide to support the work.
Mentioning affiliation and address Under Affiliation: Name the institution where the work (that forms the subject of the present study) was undertaken. Under Current address: Name the institution at which you happen to be working at the time of submission or even your home address if you have retired.
What is an affiliation? In scientific papers, the \u201caffiliation\u201d is the institute that each author belongs to. It is usually listed below the author names, as the \u201cdepartment, university\u201d of the institute each authors worked at during the time that the study was conducted.
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People also ask

The primary difference between an organization and affiliate is the need for a common goal or purpose. An organization can become a separate company's affiliate without sharing its goals.
Business affiliation means the name of an individual's employer, or the name of the firm, business, or organization, if any, with which a self\u2011employed individual is primarily affiliated.
A letter of affiliation is a formal letter written to recognize the affiliation between two parties. It is commonly used in the business world to recognize joint ventures and to verify that two parties are working together.
List the institutional affiliation of the author(s) involved with the research paper. Include the name of the college or university you attend, or the name of the organization(s) that provided support for your research.
The affiliation letter should come from the institution/individual in the host country with whom you are proposing to work. It should be written in or translated to English, printed on official letterhead and should be signed by the author.

what is a letter of affiliation