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> The corporations in this case a) hold assets and b) provide liability limits. That is the basis of all corporations. Surely the basis of all corporations is
by ClumsyPilot 4y ago
> The corporations in this case a) hold assets and b) provide liability limits. That is the basis of all corporations.
Surely the basis of all corporations is to trade and to undertake usefull economic activity.
We spesifically don't want them to limit liability where profit is made upfront, owners take off with the money, and there is no-one left to pay the costs.
- kasey_junk 4y agoThere is no need for a corporation purely to enable trade. The entire point is to limit liability of the investors. Otherwise we could just ban them wholesale.