In the 'Content Management' section there are two types of paragraphs that can be created.

'Your Paragraphs' can be created by any user, and they will be able to use and modify that Paragraph at any time; this paragraph will only be available for the user that created it.

In contrast, 'Company Paragraph' can be only created by an 'Company Administrator' and any user from that company will be able to use that paragraph.