[LMB] Money, WGW

WalterStuartBushell proto at panix.com
Sat Nov 21 20:09:04 GMT 2020



> On Nov 20, 2020, at 12:47 PM, Zan Lynx <zlynx at acm.org> wrote:
> 
> On 11/20/20 10:39 AM, WalterStuartBushell wrote:
>> Basically corporations allow for personal profit without
>> personal responsibility.
> 
> Many people have criticized corporations based on that.
> 
> However, changing it has many consequences people often don't consider.
> 
> Small investors will never invest in a large company without limited liability. They have no control over the decisions, but that would make them responsible for the debts.
> 
> Holding people responsible when they have no authority is a bad idea.

There are provisions for participations in partnerships (limited or silent partners), with the restriction that you cannot
give any suggestion about how the partnership is to be run and their liability is the same as stock holders..


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