Hobby Lobby May Have Undermined Corporate Power
1,615 views · Published 12 July 2014 · 6:40 · Indexed 17 October 2026
Channel: Maoist Rebel News (Jason Unruhe) · 2014 · News & Politics
The principle behind incorporating a business is to delineate the owner from the corporation so when a company makes a lot of money, the owners get rich and spirit the profits away in their personal accounts apart from the corporation. However, if the incorporated business falls into debt, declares bankruptcy, and fails, the owner(s) are not held accountable for any corporate debt or liability because they are completely separate from the "corporation." Source: The Supreme Court Has Given All Corporations a Gift That They May Live To Regret, Politics USA http://www.politicususa.com/2014/07/08/155684.html Maoist Rebel News book store: http://lulu.com/spotlight/MaoistRebelNews Google+ https://plus.google.com/103373194522859849259/ Add me on Facebook: http://www.fb.com/MaoistRebelNews Follow me on Twitter: http://twitter.com/MaoistRebelNews Read more news at: http://maoistrebelnews.wordpress.com/ Get More Commentary on Tumblr: http://maoistrebelnews.tumblr.com/ These videos are offered under private trust. Downloading constitutes acceptance of private trust terms. All private trust rights reserved.
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