The very first thing we learn about corporations in law school is - TopicsExpress



          

The very first thing we learn about corporations in law school is that their purpose is to separate the individual person from the business entity. If I run a business as an individual, then everything I own is at risk in that business. If I default on a business debt, for example, the lender can take my house and my car. The reason for the existence of corporations is to take away this risk. So, the law sets up a new legal entity--the corporation--that is separate from the individual. Now, if my corporation defaults on a debt, only the corporate assets are at risk. I keep my house and car because I am an individual separate from the corporation. This is why it is SO hard for me to think of any corporation as having either religious beliefs or the right to assert them. The corporation is a fictional entity created by the law. It has no thoughts, or feelings, or life apart from a few signatures on a piece of paper. To suggest that corporations have religious rights much less that they trump those of any woman (or man) is not only a gross subversion of our constitution, but completely non-sensical.
Posted on: Tue, 01 Jul 2014 18:45:45 +0000

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