3 ms·

I think that the most important aspect of corporations is limited liability and that is barely mentioned in the article - but maybe that’s a narrow way of think

I think that the most important aspect of corporations is limited liability and that is barely mentioned in the article - but maybe that’s a narrow way of thinking about it.

zzbn00 3y ago
There is a nice and very long comment in the post regarding limited liability corporations. They existed for a before limited liability, especially through common law structures. Interestingly they were largely banned in UK after the bubble referred to in the article: https://en.wikipedia.org/wiki/Bubble_Act https://en.wikipedia.org/wiki/Bubble_Act