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#4
September 25th 05, 07:22 AM
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Zzz-zzz-zzz
In article , Steve Sobol wrote: David Eduardo wrote: Just what is a "corporate company?" A company, by definition, is a corporation and most radio stations have been incorporated since the idea of a proprietorship became legally so risky back 50 or so years ago. A company, by definition, is not a corporation. Just because the corporation is a popular legal entity doesn't make your generalization true in all cases. First, there are other legal entities like LLP, LLC and certain types of partnerships; LLC's, for example, offer the protection of a corporation without a lot of the paperwork. Second, there are still people that choose the riskier forms of business, like sole proprietorships and general partnerships, where the individuals bear all of the liability incurred by the company. I believe you interpreted the word "corporate" too literally. |
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