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Reason: None provided.

This is true to an extent and I concede the point, but a) that wasn't really what I meant and b) (as a point of clarity) there are trusts that exist in perpetuity. From Blacks Law Dictionary:

Perpetual trust. A trust which is to continue as long as the need for it continues as for the lifetime of a beneficiary or the term of a particular charity.

There are also Dynasty Trusts which can also last forever. I mean, they are supposed to dissolve 25 years (or so) after the last heir dies, but there are ways out of that (see Rockefellers original Dynasty Trust).

A corporation on the other hand just means a "legal person." Everything that isn't a Natural Person is a legal person (corporation). Every government (a government is a type of corporation), every trust (a trust is a type of corporation), every foundation (which is a perpetual trust, thus a corporation), every business (that incorporates), every LLC (just a type of corporation), etc. Corporation means specifically and exactly, a "legal person." It doesn't mean "a big business," it doesn't mean "a Corp.," it's just a "faceman" that allows people to act with reduced personal legal liability, and then if they do something wrong, the corporation will be the one that gets sued. It is a protection screen. It serves no other purpose. It is a fiction, created by "law" to protect those that hide behind it, and it comes in numerous forms.

However, that wasn't really what I was saying about "trusts staying around forever." I didn't mean it in the legal sense, but in the effective sense. Every business, or trust, or whatever that has been broken up, comes back as the same entity. Legally a different entity, but it has the same Board of Directors and the same assets. If it comes back as four different companies (like in the case of Smartmatic), it's still the same single company, because it is still owned by the same people, run by the same people, performs the same function, and has the same assets. The legal fiction that we see on the outside has changed, thus it is a "different corporation," but the REAL entity that sits behind the fiction remains the exact same.

This is how the corporate world works.

This is how it has always worked.

What we think of as mergers, acquisitions, dissolvements, or even "competition" is a complete fraud.

2 years ago
1 score
Reason: None provided.

This is true to an extent and I concede the point, but a) that wasn't really what I meant and b) (as a point of clarity) there are trusts that exist in perpetuity. From Blacks Law Dictionary:

Perpetual trust. A trust which is to continue as long as the need for it continues as for the lifetime of a beneficiary or the term of a particular charity.

There are also Dynasty Trusts which can also last forever. I mean, they are supposed to dissolve 25 years (or so) after the last heir dies, but there are ways out of that (see Rockefellers original Dynasty Trust).

A corporation on the other hand just means a "legal person." Everything that isn't a Natural Person is a legal person (corporation). Every government (a government is a type of corporation), every trust (a trust is a type of corporation), every foundation (which is a perpetual trust, thus a corporation), every business (that incorporates), every LLC (just a type of corporation), etc. Corporation means specifically and exactly, a "legal person." It doesn't mean "a big business," it doesn't mean "a Corp.," it's just a "faceman" that allows people to act with reduced indemnity, and then if they do something wrong, the corporation will be the one that gets sued. It is a protection screen. It serves no other purpose. It is a fiction, created by "law" to protect those that hide behind it, and it comes in numerous forms.

However, that wasn't really what I was saying about "trusts staying around forever." I didn't mean it in the legal sense, but in the effective sense. Every business, or trust, or whatever that has been broken up, comes back as the same entity. Legally a different entity, but it has the same Board of Directors and the same assets. If it comes back as four different companies (like in the case of Smartmatic), it's still the same single company, because it is still owned by the same people, run by the same people, performs the same function, and has the same assets. The legal fiction that we see on the outside has changed, thus it is a "different corporation," but the REAL entity that sits behind the fiction remains the exact same.

This is how the corporate world works.

This is how it has always worked.

What we think of as mergers, acquisitions, dissolvements, or even "competition" is a complete fraud.

2 years ago
1 score
Reason: None provided.

This is true to an extent and I concede the point, but a) that wasn't really what I meant and b) (as a point of clarity) there are trusts that exist in perpetuity. From Blacks Law Dictionary:

Perpetual trust. A trust which is to continue as long as the need for it continues as for the lifetime of a beneficiary or the term of a particular charity.

There are also Dynasty Trusts which can also last forever. I mean, they are supposed to dissolve 25 years (or so) after the last heir dies, but there are ways out of that (see Rockefellers original Dynasty Trust).

A corporation on the other hand just means a "legal person." Everything that isn't a Natural Person is a legal person (corporation). Every government (a government is a type of corporation), every trust (a trust is a type of corporation), every foundation, every business (that incorporates), every LLC (just a type of corporation), etc. Corporation means specifically and exactly, a "legal person." It doesn't mean "a big business," it doesn't mean "a Corp.," it's just a "faceman" that allows people to act with reduced indemnity, and then if they do something wrong, the corporation will be the one that gets sued. It is a protection screen. It serves no other purpose. It is a fiction, created by "law" to protect those that hide behind it, and it comes in numerous forms.

However, that wasn't really what I was saying about "trusts staying around forever." I didn't mean it in the legal sense, but in the effective sense. Every business, or trust, or whatever that has been broken up, comes back as the same entity. Legally a different entity, but it has the same Board of Directors and the same assets. If it comes back as four different companies (like in the case of Smartmatic), it's still the same single company, because it is still owned by the same people, run by the same people, performs the same function, and has the same assets. The legal fiction that we see on the outside has changed, thus it is a "different corporation," but the REAL entity that sits behind the fiction remains the exact same.

This is how the corporate world works.

This is how it has always worked.

What we think of as mergers, acquisitions, dissolvements, or even "competition" is a complete fraud.

2 years ago
1 score
Reason: Original

This is true to an extent and I concede the point, but a) that wasn't really what I meant and b) (as a point of clarity) there are trusts that exist in perpetuity. From Blacks Law Dictionary:

Perpetual trust. A trust which is to continue as long as the need for it continues as for the lifetime of a beneficiary or the term of a particular charity.

There are also Dynasty Trusts which can also last forever. I mean, they are supposed to dissolve 25 years (or so) after the last heir dies, but there are ways out of that (see Rockefellers original Dynasty Trust).

A corporation on the other hand just means a "legal person." Everything that isn't a Natural Person is a legal person (corporation). Every government (a government is a type of corporation), every trust (a trust is a type of corporation), every foundation, every business (that incorporates), every LLC (just a type of corporation), etc. Corporation means specifically and exactly, a "legal person." It doesn't mean "a big business," it's just a "faceman" that allows people to act with reduced indemnity, and then if they do something wrong, the corporation will be the one that gets sued. It is a protection screen. It serves no other purpose. It is a fiction, created by "law" to protect those that hide behind it, and it comes in numerous forms.

However, that wasn't really what I was saying about "trusts staying around forever." I didn't mean it in the legal sense, but in the effective sense. Every business, or trust, or whatever that has been broken up, comes back as the same entity. Legally a different entity, but it has the same Board of Directors and the same assets. If it comes back as four different companies (like in the case of Smartmatic), it's still the same single company, because it is still owned by the same people, run by the same people, performs the same function, and has the same assets. The legal fiction that we see on the outside has changed, thus it is a "different corporation," but the REAL entity that sits behind the fiction remains the exact same.

This is how the corporate world works.

This is how it has always worked.

What we think of as mergers, acquisitions, dissolvements, or even "competition" is a complete fraud.

2 years ago
1 score