2006-07-23 13:01:33 · 5 answers · asked by andrew b 1 in Business & Finance ➔ Corporations
Yes. A corporation is not a person and it was a bad court decision to legally regard corporations as persons. Current corporate law is just a handy means to allow individuals to escape personal responsibility for their actions.
2006-07-23 13:06:35 · answer #1 · answered by kill_yr_television 7 · 0⤊ 1⤋
No, absolutely not. This is the most litigious nation in the world. Without the protection that owning a corporation provides, very few people would invest or attempt to start a business. Yes there are people that take advantage of the corportation laws, or just plain Break Them. Watch the movie "Smartest Guys in the Room" for a great example. However, most of these are people whose corporation went from private to a publicly traded corporation, and thought that they could still pull finds from it like it was their own.
2006-07-23 20:14:42 · answer #2 · answered by Christopher B 6 · 0⤊ 0⤋
There's a whole lot of corporate law. Which part do you want to change?
2006-07-23 20:08:24 · answer #3 · answered by Tim 4 · 0⤊ 0⤋
Too broad of a question to be answered intelligently
2006-07-23 21:03:16 · answer #4 · answered by ps2754 5 · 0⤊ 0⤋
You should define your question a little. The answer can be either yes or no.
2006-07-23 22:19:08 · answer #5 · answered by merdenoms 4 · 0⤊ 0⤋