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Of course corporations can and should be considered "legal persons". Under the law, corporations possess many of the same rights and responsibilities as indivi
by noiv 4y ago
Of course corporations can and should be considered "legal persons".
Under the law, corporations possess many of the same rights and responsibilities as individuals. They can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, and pay taxes.
https://www.investopedia.com/terms/c/corporation.asp https://www.investopedia.com/terms/c/corporation.asp
https://news.law.fordham.edu/jcfl/2018/11/18/a-brief-history-of-the-corporate-form-and-why-it-matters/ https://news.law.fordham.edu/jcfl/2018/11/18/a-brief-history...
- infogulch 4y agoCan they be incarcerated for misbehaving? No, the Corp can just evaporate and reform under a new name if their assets were managed properly. We should have some compensation for this.
- pixl97 4y agoUntil Texas executes a corporation they can't be considered people.
- tbrownaw 4y agoTexas might not have, but didn't the web pki folks execute one of their CAs a while back?
- goodluckchuck 4y agoCan they be incarcerated for misbehaving? - their members and employee can be incarcerated, - they can be enjoined / barred from conducting x, y, z activities, - they can be executed / dissolved, - they are subject to civil asset forfeiture if their assets were used in a crime.
- ModernMech 4y ago> their members and employee can be incarcerated, Next time I commit a crime, I'll see if the prosecutors will settle for incarcerating some of my gut fauna.
- kelseyfrog 4y agoCan corporations be owned, or is that tantamount to slavery?
- simonh 4y agoCorporations are not natural persons, so it’s not an issue.
- akomtu 4y agoWe don't imprison just the robber's hand: it's always the entire robber. Try paying taxes like a corporation would - 20% on profits after expenses - and see if the judge buys your argument that you're a corporation.
- hgsgm 4y agoCorporate law is that compensation. Originally, corporate charters were only granted to organizations that proved their worth, and could revoked if they failed to uphold it. When a corporation commits a crime, the managers and employees are responsible. Now, does law enforcement enforce the law? No, and there the problem.
- simonh 4y agoExcept that it patently does. Often. Corporations are fined, barred from various activities, have assets seized and members of them get sent to jail for criminal activity.
- PaulDavisThe1st 4y agoSmall correction: typically it is not the members of a corporation who serve jail time associated with the corporation's criminal activity, but employees. To the extent that these two groups do sometimes overlap due to stock-based compensation schemes, your point is true. However, the corollary, which is that we generally do NOT hold the members of a corporation guilty for the acts of a corporation, remains the somewhat more potent observation.
- simonh 4y agoWe don’t hold them responsible for the actions of the corporation. We hold them responsible for their actions. For example the VW exec jailed over the diesel emissions scandal, and the former CEO has been charged with giving false testimony.