Friday, January 29, 2010

Corporation Defined

A. Unabashed Pacifist:

And for dessert, I’d like a slice of peace pie, please.

B. Unabashed Christian:

Holy One,

The “supernatural” wonders we hear about and the “miracles” we read bout are okay as far as they go, I suppose. But I’m far more impressed by the natural wonders of life on Earth – trees, flowers, birds, bees, diverse animals including humans, water, air, wind, rain, rivers, oceans, mountains, rocks and sand. I’m certainly more impressed by the miracle of life. To focus on other “wonders” or miracles distracts us from the vastly larger picture you’re creating.
Amen

C. Un-quoting Jesus:

“No, I’m sorry, Mrs. Friedman. I don’t think I’m altar guild material.”

[She tried, but He didn’t have to say it.]

D. Blog: Word of the Week – “corporation”

The most common
form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. This form of business is characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. The process of becoming a corporation, called incorporation, gives the company separate legal standing from its owners and protects those owners from being personally liable in the event that the company is sued (a condition known as limited liability). Incorporation also provides companies with a more flexible way to manage their ownership structure. In addition, there are different tax implications for corporations, although these can be both advantageous and disadvantageous. In these respects, corporations differ from sole proprietorships and limited partnerships.

[Definition provided by investorwords.com]

[I couldn’t help but notice that a corporation is an entity, not a person. An entity separate, in fact, from its owners when it comes to legal rights. Nothing in there, either, about civil rights – like freedom of speech -- for the corporate entity.

For an extremely convoluted argument in favor of the “Supreme” Court decision, check out George Will’s column that appeared in yesterday’s Washington Post. I’m getting the idea that
the modern US government is about protecting the health and welfare of its big businesses and financial institutions, much moreso than its people.]

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