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It also doesn’t require the government granting the privilege of incorporation.
by vundercind 3y ago
It also doesn’t require the government granting the privilege of incorporation.
- solidsnack9000 3y agoNo, it doesn't; but it turns out that you end up with a much poorer society without it. The king did not come up with incorporation merely to amuse the incorporators; it was to tax them and take loans from them, and that's because there was enormous economic activity they could undertake once there was a liability shield.