Limited Liability

rules that protect owners/investors of a BigCo from being punished for its actions (including, from paying off its debt if the corporation runs out of money) (Liability)

Stephen Bainbridge on Veil Piercing.

Tim Oren http://due-diligence.typepad.com/blog/2004/09/why_is_sharehol.html

http://econlog.econlib.org/archives/2013/01/hummel_on_moss.html

Vinay Gupta wonders how big a Subsidy this is.


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