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Re: Corporations
- To: PEN-L@xxxxxxxxxxxxxxxx
- Subject: Re: Corporations
- From: "Devine, James" <jdevine@xxxxxxx>
- Date: Thu, 11 Mar 2004 16:12:21 -0800
- Thread-index: AcQHxezT+0B3gLUgTvmiTgBsvBsC2QAAGtLT
- Thread-topic: [PEN-L] Corporations
Dave Shemano writes: >What is a corporation, but an interlocking series of contracts between real persons? <
Is this a different David Shemano, who I thought was a lawyer of some sort? Corporations have _limited liability_ which means that that after a certain point (the amount of capital "invested" by the stock-holders) the state has declared that the costs of corporate malfeasance, accidents, etc. shall be absorbed by the taxpayers.
Jim
- Thread context:
- Re: Corporations, (continued)
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