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What is the average person’s interest in creating laws aroubd i corporation? Doesn’t it stand to reason that it’s the people creating businesses that would be t
by jazzyjackson 5y ago
What is the average person’s interest in creating laws aroubd i corporation? Doesn’t it stand to reason that it’s the people creating businesses that would be the ones suggesting the laws that protect themselves from liability?
The fact that corporate charters are never revoked points to the laws being in the corporations favor, not the citizens’
- eropple 5y agoYou're right. They absolutely are. They don't have to be. From where I stand, corporations should be afraid of the societies that grant them their charters.
- parineum 5y agoWe allow those protections to allow people to take business risks without taking significant personal risk. This encourages entrepreneurship. I don't think you'd see as many people trying to build widgets if they had to put their family's home on the line. In exchange for those protections, we get widgets.
- jazzyjackson 5y agoSorry, I didn't mean to imply that LLC / incorporation has no benefit to society, it plainly does. I was responding to the conjecture that it's society at large that writes the rules. I figure the stakeholders writing the laws are the people who have the most to gain.