edit: (I may have missed that Pavlov's Cat had covered this, sorry). Corporation is different from a group of folks in so far as a corporation limits liability

edit: (I may have missed that Pavlov's Cat had covered this, sorry). Corporation is different from a group of folks in so far as a corporation limits liability. The group of folk can take money out of the corporation while the going is good. When the going goes bad the obligations of the corporation do not confer the right to go after the "group of folk" and their assets. Limited liability. It's been a crucially important thing in the funding of risky investments. I'd say on balance it's been amazingly good for the world but you could make the opposite case. No reason you couldn't end limited liability while retaining right to assembly and so on. It's an extremely radical policy to pursue in my opinion and would have very dramatic consequences.