Why and how are corporations “people”?

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Why and how are corporations “people”?

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5 Answers

Anonymous 0 Comments

Corporations are not physical people, they are legal entities equal to people. There is a good reason for that. If you own a company, you can sign stuff in your name. But if there is 10 or 100 people owning a company, you don’t want to need all of them to sign everything about the company. So you create an legal entity through which everything for the company will be done, without always having all the owners involved.

Those corporation have similar rights as people, because people transfer their assets into those companies and these legal entities would be useless if not protected by rights. Because who would transfer their assets to something not protected by the law.

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