4 ms·
Isn't one of the main purposes of corporations to shield the private money of the owners? I think you have illusions about economics :-)
by Tichy 14y ago
Isn't one of the main purposes of corporations to shield the private money of the owners? I think you have illusions about economics :-)
- nodata 14y agoAmerican corporations perhaps. Some countries invoke "veil piercing" if the owners play around like this. https://en.wikipedia.org/wiki/Piercing_the_corporate_veil https://en.wikipedia.org/wiki/Piercing_the_corporate_veil
- praptak 14y agoYes, but obviously there is a line between shielding private money from business-related risks and intentionally running a company into bankruptcy to avoid liabilities. Although I agree that this line is a bit blurry.