Thanks for the suggestion Andrea. My goal is to use buddypress as a community of startup founders and the company profile theme as a way for them to create an information page about their company. Once I have those set up, I want to connect the page to the founders' profiles groups, forums and other blogs in buddypress as well as pull in news & other information about the company from around the web.
This is something like what I have in mind for the company profile - http://www.crunchbase.com/company/craigslist -(but more basic and connected to the buddypress community)
Ofcourse, one good way to do it would be to have the company blog be created and pull in basic information from the founders buddypress profile page automatically when they register to the buddypress community.
The reasons why I would like to not use the buddypress profiles directly for all the company information is because there might be more than 1 person connected to the company profile (i.e. blog admins) and also I might want to restrict viewing privileges of the buddypress profiles to members of the community only while keeping the company profile page public.
Sorry if I am not being clear here. Would love to get your suggestions on this project. :)