Setting up they system isn't actually carrying out the buying, borrowing, lending, hiring, firing, suing and issuing stock. You can set up whatever you want and it doesn't equate or amount to much at all. It's that actual doers that create the value.isadore;1232431 wrote:government does more than permits the corporation. it sets up a system that created an economic person, granting this person the right to buy, sell, borrow, lend, hire, fire, sue, be sued and issue stock. It is not "the people" who are responsible for these things but the artifical entity that has done these things. The employees are given limited responsibility for the actions. The investors are not held responsible for the actions of the corporation and financially limit liability. All because of the government. Gosh they even give this entity political rights.
Con_Alma
Senior Member
C
12,198
posts
C
Con_Alma
Senior Member
12,198
posts
Wed, Jul 25, 2012 5:32 AM
Jul 25, 2012 5:32 AM
Jul 25, 2012 5:32am