Quote:
Originally posted by sgtclub
To be fair, there are a whole hosts of policy reasons why entities are a good thing. Frankly, I think those severely outweigh the concerns of the federalists. The other thing to note is that, while it's true that a corporation has limited liability, it is not unlimited limited liability. See e.g., the piercing the corporate veil doctrine.
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Though I note that what is probably the most trusted business in the world, Lloyds of London, has chosen not to avail itself of the protections of a corporation for reasons straight out of the federalist playbook. Now those are principaled conservatives!
Also, whatever the policy reasons for there being entities (and I'm sure we could spend days cataloguing them), the question is are there good policy reasons for treating these things called corporations as entities some of the time but not all of the time.
