Corps are separate legal entities so individuals are generally protected from personal liability. There can be exceptions in criminal and civil liability instances but even then there things like D&O. Until we stop giving corporations so much legal cover we’re hosed.
>Corps are separate legal entities so individuals are generally protected from personal liability.
not really.
corps have the defining feature that their passive shareholders are protected from personal liability, but not their officers, directors, nor employees.
they are "entities" so they can sign contracts and you can sue them and bring them to court. they are entities so the entire body of preexisting laws about suing and bringing to court would not need to be rewritten from scratch for corporations, it slots them into the rights and responsibilities that individuals have.
manquer|10 months ago
Perdue pharma is a high profile recent example of this , but there dozens of such events from big tobacco to baby formula
cscurmudgeon|10 months ago
[deleted]
bix6|10 months ago
fsckboy|10 months ago
not really.
corps have the defining feature that their passive shareholders are protected from personal liability, but not their officers, directors, nor employees.
they are "entities" so they can sign contracts and you can sue them and bring them to court. they are entities so the entire body of preexisting laws about suing and bringing to court would not need to be rewritten from scratch for corporations, it slots them into the rights and responsibilities that individuals have.