the.com/incorporation
The paperwork spell that turns a person's liability into a company's problem.
means The legal act of forming a company, which becomes its own 'person' in the eyes of the law, separate from the humans who run it.
from From Latin corpus, 'body' — incorporare meant 'to form into a body.' The word entered legal English to describe exactly that trick: binding a group of people into one artificial 'body' that can own property, sign contracts, sue and be sued, all on its own — as if ink and filing fees could grow a person out of paper.
- origin
- latin for making into one body
- delaware secret
- over 60 percent of US public companies incorporate there
- superpower
- lets the business die without you dying with it
- irony
- corporations are legal people who cannot go to prison