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Not only that but the whole point of a limited liability corporation is that the stockholders cannot be held responsible for the debts of the corporation- and i
by fallingfrog 8y ago
Not only that but the whole point of a limited liability corporation is that the stockholders cannot be held responsible for the debts of the corporation- and in return they relinquish control of it. That's the trade off. That's the defining characteristic of the corporate form. It creates a division between capital and labor, up to and including the CEO. That's why we call it "capitalism".