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A corporation is founded when an entity (be it an individual, group of individuals or persons representing another corporation) files a charter with the government (state) and creates a corporation. From that point forward, the government recognizes that corporation as an "individual" separate from the entity that created (filed the charter) it.
A corporation can be "killed" if the entity deems it so and filed the appropriate notice with the government, or if the government chooses to dissolve the corporation (for a variety of reasons).
Corporations as such are not "property" that are owned by people. The notion of trying to bring it down to such levels is just odd. A corporation does not reason, it does not think, it does not act of its own volition. It does not have the desire for self-determination - as a human person and, therefore, cannot be "enslaved".
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Interesting take MaM. When an LLC files its taxes, it is a joint filing with the owner. Just like the spouse would.
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Mac-A-Matic wrote:
A corporation is founded when an entity (be it an individual, group of individuals or persons representing another corporation) files a charter with the government (state) and creates a corporation. From that point forward, the government recognizes that corporation as an "individual" separate from the entity that created (filed the charter) it.
A corporation can be "killed" if the entity deems it so and filed the appropriate notice with the government, or if the government chooses to dissolve the corporation (for a variety of reasons).
Corporations as such are not "property" that are owned by people. The notion of trying to bring it down to such levels is just odd. A corporation does not reason, it does not think, it does not act of its own volition. It does not have the desire for self-determination - as a human person and, therefore, cannot be "enslaved".
I did oversimplify a bit since there are probably some kinds of corporations that are not owned by anyone (e.g., maybe some non-profits), but a very large percentage of corporations are owned:
http://en.wikipedia.org/wiki/Corporation
A corporation is typically owned and controlled by its members. In a joint-stock company the members are known as shareholders and their share in the ownership, control and profits of the corporation is determined by the portion of shares in the company that they own. Thus a person who owns a quarter of the shares of a joint-stock company owns a quarter of the company, is entitled to a quarter of the profit (or at least a quarter of the profit given to shareholders as dividends) and has a quarter of the votes capable of being cast at general meetings.
I was assuming that your comment was in response to this that graylocks said: "I'm with the bumpersticker that says: I refuse to believe corporations are people until Texas executes one." It was talking about people and execution - that in no way suggests "killed by taking away a charter". A corporation cannot be killed by execution in any more or less sensible way than it can enslaved.
