Since the minimum length (Configuration->Minimum Values->Company) for the company name is 1, it's a required field.
The (*) required indicators for the form need to be hand-edited, so you'll need to edit /includes/languages/YOUR_TEMPLATE/english.php to change
Code:
define('ENTRY_COMPANY_TEXT', '');
to
Code:
define('ENTRY_COMPANY_TEXT', '*');
The value, when entered and validated, will be stored in the entry_company field of the customer's record in the address_booktable. That field is limited to 32 characters.
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