Old Hippy
Deity
- Joined
- Oct 14, 2011
- Messages
- 3,606
Breaking this down.
1) Artificial construct - obviously (and redundantly) true
2) Designed to protect people - not really
3) From their own actions - way off base nowThus
4) Not at all a legal person - completely backward
You started well.
Corporations are designed to allow a (sometimes large) number of people to enter a joint venture. This is a good thing. Some projects are beyond the scope of non-corporate business.
J
it also protects a sometimes large number of people from any bad results of their own actions... the could always form a partnership for large projects, as it is most companies still borrow money to finance large projects, rarely are they financed by the shareholders capital, the original reason for incorporating being to protect smaller share holders from taking on responsibility ( to protect investors)and to raise capital...