4 ms·
Go, go gadget globalisation! Seriously though that's pretty amazing. Fun fact: corporations used to exist for a limit period of time, to solve a particular pr
by movedx 6y ago
Go, go gadget globalisation!
Seriously though that's pretty amazing.
Fun fact: corporations used to exist for a limit period of time, to solve a particular problem, and were then dissolved. With the introduction of indefinite corporations, we end up with cool setups like those /u/throwawaybutwhy has highlighted.
- Mockapapella 6y agoWhen and where did they exist for a limited period of time? It never even occurred to me that this was an option
- estaseuropano 6y agoRailways.
- brian_cloutier 6y agoThe first European joint-stock corporations were for single voyages. Everyone would band together and fund a ship to go somewhere, then split the earnings and dissolve the corporation: https://en.wikipedia.org/wiki/Joint-stock_company#Early_joint-stock_companies https://en.wikipedia.org/wiki/Joint-stock_company#Early_join...
- sneak 6y agoIt's pretty much still like that now, except the last step is "go work for Google for a few years in golden handcuffs".
- zinekeller 6y agoApparently, in the Philippines until it was revised in 2019 companies are required to have a limited lifespan with a maximum lifespan of 50 years. (https://www.pwc.com/ph/en/taxwise-or-otherwise/2020/on-the-lifespan-of-corporations-terms-and-conditions.html https://www.pwc.com/ph/en/taxwise-or-otherwise/2020/on-the-l...)