Quote:
Originally Posted by Pio1980
(Post 398494)
It's still real life, existing while "different" can be risky.
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To 'splain the concept of Corporations to a lowbrow, uneducated moron like you, here's the facts:
A corporation is considered an "artificial person created by statute." (We had to learn that in business school, while dropouts like you were cashing welfare checks and smoking meth all over the place.)
There is such a thing as the Corporation for Public Broadcasting. Do you want Texas to execute them? (admittedly it would free up a ton of welfare-to-the-rich spending.)
To educate an idiot like you, (and part of me thinks I should start with simple fourth grade reading and math, considering your lack of schooling), Corporations are designed to limit the liability of people in business. A sole proprietor (in English, MISTER IDIOT, that means a person whose business is in his/her name) can be held liable for damages, all kinds of frivolous litigation (in English MISTER IDIOT, litigation means lawsuits. Oh, and the phrase "lawsuits" doesn't mean an outfit a lawyer wears to court.).
There are also LLC's. Limited Liability Companies exist mostly to shield business owners (you know, people who actually invested their own money into businesses that your welfare dollars and food stamps buy) from certain lawsuits and certain tax laws.
The difference between an LLC and a Corporation is an LLC cannot be taken public.
(In ENGLISH, lowbrow, going public means selling shares to the corporation to the public. I'd maybe suggest you buy into some shares, but I don't you can charge them on your SNAP benefits card.)
Now,when your sig suggests this about corporations, you will understand why everyone is laughing at your ignorant ass.