Originally corporations were given permission by the government to exist individually based on them serving some public good. That's why the owners were given l

Originally corporations were given permission by the government to exist individually based on them serving some public good. That's why the owners were given limited liability. "In summary, all corporations are state-chartered; given special privileges by the state, which used to be conditional on them serving some public good. Public corporations are directly owned by the public via equity shares. And large corporations are the beneficiaries of both state and federal sponsorship, which includes subsidies funded by the tax paying public." [0] [0] https://ptolemy3.medium.com/but-corporations-are-private-companies-b7fd4c684d15 https://ptolemy3.medium.com/but-corporations-are-private-com...