manimal
Lifer
- Mar 30, 2007
- 13,560
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Corporations are organizations with specific protections and advantages granted by the state that an individual does not possess. You're a sole proprietor? Then you're personally on the hook for anything your company does. Incorporate? Suddenly you have the magical protection of limited liability to protect your personal assets, so go hog wild and fuck over anybody and anything you want. It's OK, you're not personally liable.
Want to see the free market fix itself? End limited liability. Let injured parties go after shareholders beyond their investment.
This
good post