Limited Liability Quotes

Corporations are created by the people, acting through their governments. We grant them corporate charters that confer certain legal rights and privileges, like the ability to enter into contracts, limited liability and perpetual life.

There are positives and negatives to publicly traded and private companies.

Imagine if you borrowed your parents' car without permission and ran it into a tree, how much better you'd feel if you were incorporated.

Losses from partnerships and limited-liability companies, the entities through which the Trumps report much of their income, do not have to be added back as part of the A.M.T. calculation.

If anything is due to a corporation, it is not due to the individual members thereof, nor do the members individually owe what the corporation owes.

Most accountants will tell you the majority of small businesses run as an S Corporation.

Corporation. An ingenious device for obtaining individual profit without individual responsibility.

The corporation is one of the great unheralded human inventions of destruction. It is a way to absolve from any personal liability a bunch of people. They form together in a massive ID and they do whatever they want.

We do not wish to discourage enterprise. We do not desire to destroy corporations. We do desire to put them fully at the service of the State and the people.

Fortunately we're not a public company - we're a private group of companies, and I can do what I want.

It is no limitation upon property rights or freedom of contract to require that when men receive from Government the privilege of doing business under corporate form, which frees them from individual responsibility, and enables them to call into their enterprises the capital of the public, they shall do so upon absolutely truthful representations as to the value of the property in which the capital is to be invested.

Corporations are a fictional entity that are designed to make money, and they're neither people nor patriots.

I think overall it is better for businesses to stay private because you have more latitude, more freedom.

A corporation is an artificial being, invisible, intangible, and existing only in contemplation of law. Being the mere creature of law, it possesses only those properties which the charter of its creation confers upon it, either expressly or as incidental to its very existence

Joint-stock companies are yet in their infancy, and incorporated capital, instead of being a thing which can be overturned, is a thing which is becoming more and more indispensable.