Corporation.jpg
 
“Corporation: An ingenious device for obtaining profit without individual responsibility.”
— Ambrose Bierce
 
 

Power to the Masses

The limited liability company was one of the most ingenious human inventions of all time. It allows for potentially unlimited individual profit with limited individual liability. That is one of the great driving force behind commerce and economic activity: the chance to profit without incurring a loss greater than our investment.

The origins of every business structure are grounded in the pooling of resources to achieve some objective agreed on by the most influential shareholders. A company is a collection of disparate elements working together towards a common goal. When companies really get going, they can create global empires.

The legal framework that allows for the creation of a separate legal entity is what makes it all possible. Without that distinction, we would not be able to create the economic gains that come from large, commercial enterprises; and large commercial enterprises are our best means of achieving large scale economic development.