The Reaganomics Fraud:

[calveless wonder]

the only reason for a corporation is to protect business owner's personal assets and escape ramifications from externalities jmo

no

you can do that with an LLC or limited partnership too (as long as you're not the general partner). LLC has the same singular tax (pass through) benefits as an S corp, and shielding of personal liability. If that's your only motive, a corporation is stupid because of the amount of regulation and scrutiny you have to deal with. that's why you see most small businesses established as LLC's.

the reason you form a corporation is so you can issue stock and have shareholders, along with a board of directors. obviously if you plan on being a publicly traded company you have to be a corporation.

 

[bigpokey]

sorry shouldve specified i meant the general structure including llc's and s-corps

 

[cindylou]

sorry shouldve specified i meant the general structure including llc's and s-corps

plus LLCs have not always been around so you used to see even small business form corps to protect personal assets etc

 

[calveless wonder]

sorry shouldve specified i meant the general structure including llc's and s-corps

It's ok, you're black. I understand

 

[bigpokey]

naa niga u a cracka u cain't walk to the fridge in these shoes honky mufuka

 

[calveless wonder]

Lol

 

[-SD-]

If you fog out then advanced global economics all makes sense

 

[bigpokey]

dooooood bro i totally get it now bro

 

[billfred]

First of all, don't kid yourself. Worker safety has and will be regulated by the trial lawyers. So that one is a done deal.

Industrial pollution: If it's a truly hazardous material, then sure, establish laws to regulate it. But look at the garbage we regulate now. CO2? That's the most ridiculous crap I've seen in a while. An even better solution would be to qualify private businesses to implement the standards to completely avoid the EPA debacle we have right now.

Child Labor: Who is going to do business with companies that use child labor? Companies that use child labor legally who are half-way across the planet get shelled publicly for that. There's no way that would fly in the US.

You have a misguided notion that businesses simply want to rape and pillage. The don't. They want to make money. And making money requires a host of skills, some of which involve making sure you don't do things that turn-off your customers (i.e. child labor, pollution).

Don't kid yourself. We had unregulated labor in this country before. Go check at what age your Grandfather started working.

Also, go check with most blacks in this country how much their ancestors were paid for their first job. They is unregulated labor.

In addition, I know you have travelled around the world enough to see what you get without environmental regulations. Yes the environmentalist are whackos but there is a place for some regulation or waters get polluted, fish get over fished, and air quality sucks.

 

[mrplunkey]

Also, go check with most blacks in this country how much their ancestors were paid for their first job. They is unregulated labor.

Odd, since slavery was abolished before modern-day labor unions OR the US Department of Labor were ever established...