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lordnacho | 3 days ago
Firms aren't people. They are artificial constructs that we invented to solve an organizational issue a long time ago. Some aspects of natural persons were emulated in corporation law, but a lot of them aren't:
- Firms can't go to jail
- Firms don't naturally pass away
- They have their own taxation
- They can be in more than one jurisdiction at once
- There's more than one type of corporate entity.
It's just a matter of taking the right decisions regarding what rules we think are useful to society.
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