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Legally, that’s incorrect. Corporations exist to do whatever purpose is spelled out in the articles of incorporation. That purpose can be eleemosynary or profi
by tiahura 2y ago
Legally, that’s incorrect.
Corporations exist to do whatever purpose is spelled out in the articles of incorporation. That purpose can be eleemosynary or profit or whatever the founders want.
- qarl 2y agoFair enough. But most corps pick profit, and for those that don't, it's nearly impossible for a lay person to get/understand them. For example, it's extremely unlikely that the victims in this story knew to check the articles of incorporation.