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| User Info | Freedom Of Speech: How Quaint; entered at 2010-01-22 13:18:52 | |||
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Snowmizuh Posts: 2052 Registered: 2009-03-18 Lgs9peFR6YqcTH 
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Quote:Actually, a corporation must be something somewhat different than being a mere "group of people." Otherwise, why bother even legally defining what it is? For any number of reasons... - because it is advantageous for tax reasons - to afford some form of protection of one's personal property in a culture swimming with trial lawyers - to allow some owners to invest more or less than other owners and have commensurately differing levels of equity - to protect the other owners in the event of death, divorce, etc. of an owner - to be able to offer equity to attract investment, new talent, etc. and so on... None of this changes the fact that a corporation is, in essence, a group of entrepreneurs who have pooled resources in order to pursue an idea and (hopefully) make a profit. Folks seem to forget that most corporations are small businesses. 2010-01-22 13:18:52
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