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If Bob's Muffler Shop is incorporated, why shouldn't it be heritable? In the US we generally don't confiscate companies from private individuals because we thi
by tiahura 5y ago
If Bob's Muffler Shop is incorporated, why shouldn't it be heritable?
In the US we generally don't confiscate companies from private individuals because we think we can run the company better. Additionally, shareholders would simply place the shares in a trust, or give the shares to their heirs before they die.
So, no. There really isn't any movement to force sales of family business at death.
- georgeecollins 5y agoIf a thing is heritable indefinitely it is a title in the feudal sense. If my family could control Bob's Muffler Shop for ten generations aren't we sort of the Earls of Bob's Muffler Shop?
- yjftsjthsd-h 5y ago> If my family could control Bob's Muffler Shop for ten generations aren't we sort of the Earls of Bob's Muffler Shop? I dunno, are you the Earl of your great grandfather's pocket watch, or the Duke of the Heirloom Dresser?
- actually_a_dog 5y agoOwning Bob’s Muffler Shop doesn’t give you any of the privileges granted to feudal lords, though. That’s a terrible analogy.