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that's true with publicly traded C-corporations for private companies, it literally is the people you work with (and whatever legal enchantments they've decide
by harrison_clarke 2y ago
that's true with publicly traded C-corporations
for private companies, it literally is the people you work with (and whatever legal enchantments they've decided on). some of those people will still fuck you over, but it's not a legally-conjured sentient pile of money the way a C-corp is
B-corps are an interesting attempt to avoid being a sentient pile of money. in theory, it's an egregore that is capable of valuing things other than money. (they haven't really been tested in court. and they might fuck you over in pursuit of some other value, even if they do work. or fucking you over for money might not conflict with its other values)
- sertsa 2y agoWas not familiar with the terms C & B - corp. For others in the same boat: https://en.wikipedia.org/wiki/B_Corporation_(certification) https://en.wikipedia.org/wiki/B_Corporation_(certification) https://www.investopedia.com/terms/c/c-corporation.asp https://www.investopedia.com/terms/c/c-corporation.asp
- harrison_clarke 2y agoturns out, i actually meant benefit corporation. (i've heard people refer to them as b-corporations, but didn't realize there was another thing called b-corporation)
- singleshot_ 2y agoIf you’re interested in learning about this, be aware that S-corp and C-corp are widely used misnomers. A corporation is a corporation (and an LLC is not) but they all can be taxed under sub chapters C, S, K, and others based on the specific details of the entity. C corporation is just a shorthand way of saying “privately incorporated voluntary association taxed under sub c (probably with dreams of being a public company someday, otherwise they’d be sub s). Not trying to “but acktchually” you, just suggesting that your next stop after reading about corporations is probably the tax code. (Enjoy that).
- mistrial9 2y agoextra bonus -- actual attorneys who are familiar with those codes learn not to discuss it at all .. for whatever reasons.. it really is valuable information, as in scarcity
- deleted 2y ago[deleted]
- singleshot_ 2y agoWhy did I just discuss them, then?
- mistrial9 2y agoglad to see an exception to that rule :-)