incorporation and limited liability, s
By allowing incorporation and limited liability, societies via governments allow companies to seek unlimited profit while spreading all risk and any negative externalities equally over a society. To what extent is this fair? Explain whether and why you think companies should be forced to balance this societal risk in some way.
The incorporation of a company shall be referred to as the legal process or procedures through which the organization can form a corporate organization. These organizations are considered to be individual entities in the business environment as per the law.
Limited liability protects its members from any sort of personal liability. Through making limited liability the company is not responsible for dividing the income equally.
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