This is incorrect. Companies form for numerous different reasons, including a group of people needing a legal structure for investments, or to protect against l

This is incorrect. Companies form for numerous different reasons, including a group of people needing a legal structure for investments, or to protect against liability, or for particular ventures. One of the primary outcomes that people want from corporate structures is profit, but that is not the structure's "sole purpose", either in law or practise. Corporate structures can't have ethics because they are not people (legal constructions of "person" vs "natural person" notwithstanding).