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Expensively. This came to mind while I was reading your comment and this is not a position I am actually advocating, but the law is malleable and reflects huma
by SllX 8y ago
Expensively.
This came to mind while I was reading your comment and this is not a position I am actually advocating, but the law is malleable and reflects human will, it doesn't confine it. If you wanted to make such a scheme work, you could require a corporation incorporate in each and every State/Nation that they conduct their business in. You could slice this down to what it means exactly to do business in a State so every charge on a corporate credit card across State lines doesn't have to mean you suddenly do business in that State.
If you wanted to close all the branches in the state of incorporation, you (as in the many legislatures, not you specifically) could setup a process of disincorporation and transfer of control to one of the subsidiaries.
The law is not a stone tablet handed down from on high, it is, in a literal sense, whatever humans wish to make of it, and there are always processes for changing the laws to fit whatever position you're advocating.
Now effective enforcement is another matter entirely, and without care and consideration, there will always be knock on effects. In this case, requiring incorporation in multiple jurisdictions would make the cost of doing business more expensive, and liable to expose corporations to increased liability.