The foundation of a corporation are the rights of its members: the right to state that one is entering trade agreements under the presumption of limited liability (for the shareholders), under a corporate “assumed” name. All the rights of a corporation are derived from those of its members; as such, an individual neither gains nor loses rights in their capacity as members of a corporation. They are simply stating the terms of dealing with the business enterprise upfront.
- What is the legal basis of a corporation under capitalism?
- Isn’t a corporation a legal fiction created by government?
- How are the laws governing corporations formed under capitalism?
- Isn’t the right to form a corporation, a privilege that can be revoked at whim by the state?
- What is the foundation of a corporation?
- What is government’s role in regard to corporations?
- My concern, loudly echoed by anti-capitalists, is that to limit liability is to limit responsibility?
- What are the problems in the legal framework of today’s corporations?
- What is Insider Trading?