4 ms·

I imagine the theory is unless the CEO owns 100% percent of his company it's not his company. He's engaged in unauthorized practice of law and screwing over hi

I imagine the theory is unless the CEO owns 100% percent of his company it's not his company. He's engaged in unauthorized practice of law and screwing over his investors since he has no idea how to practice law. There's also the fact that lawyers have background checks before getting a law license, and if a CEO could practice law without a license it would potentially be a big loophole for fraudsters and other known criminals who commit fraud to be able to practice law.

jonas21 5y ago
Even if the CEO owns 100% of the corporation, it's still a separate entity. That's one of the benefits of incorporating - when someone sues the corporation, they can go after its assets, but not the CEO's. But that means the corporation gets treated like a separate person. And just like you can't represent your friend in court (unless you're a lawyer), you also can't represent your corporation.