tag:blogger.com,1999:blog-5688592897163585128.post8998780930310077493..comments2023-07-01T14:32:28.448-05:00Comments on The View From Mid-America: What are they teaching these days?Stevehttp://www.blogger.com/profile/13381253392008428899noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5688592897163585128.post-19879396547812097272010-05-05T07:37:18.807-05:002010-05-05T07:37:18.807-05:00From Cornell University Law School:
The law trea...From Cornell University Law School: <br /><br />The law treats a corporation as a legal "person" that has standing to sue and be sued, distinct from its stockholders. The legal independence of a corporation prevents shareholders from being personally liable for corporate debts. It also allows stockholders to sue the corporation through a derivative suit and makes ownership in the company (shares) easily transferable. The legal "person" status of corporations gives the business perpetual life; deaths of officials or stockholders do not alter the corporation's structure.<br /><br />Corporations are taxable entities that fall under a different scheme from individuals. Although corporations have a "double tax" problem -- both corporate profits and shareholder dividends are taxed -- corporate profits are taxed at a lower rate than the rates for individuals.Stevehttps://www.blogger.com/profile/13381253392008428899noreply@blogger.comtag:blogger.com,1999:blog-5688592897163585128.post-22247825445170722262010-05-04T20:24:00.646-05:002010-05-04T20:24:00.646-05:00Won't even think about responding to the goofb...Won't even think about responding to the goofball you are quoting, BUT, one thing you wrote stands out. The gov't treating 'corporations as individuals'. What? Where did that come from? THere is a HUGE difference. What are you saying?Fam Guyhttps://www.blogger.com/profile/11449196464758832695noreply@blogger.com