Looking for positives, but especially negatives. What are the pitfalls of not granting corporations the same rights as people/citizens?
Looking for positives, but especially negatives. What are the pitfalls of not granting corporations the same rights as people/citizens?
Why though? Why does ‘operating as a company’ have less liability than an individual?
See 2 comments ago. Nobody except the ultra rich could afford to go into business if it meant risking all of their personal assets.
And like already mentioned: it’s not less liability, it’s separate liability. Misconduct as a business (which may not even be the owner’s fault, it could be an employee’s) can risk all of the business assets, but not personal assets owned outside the business.