Thread: Occupy Wall Street around the world.... Your thoughts and feelings about it!

Ramil, my experience in companies gives me a different perspective. Companies can be started with very different founding principles. There is really no limitation on the founding principles, as long as they are legal. You could even start a company with anarchic principles included in the memorandum of agreement. The distinguishing feature of companies is the concept of limited liability. It is this feature that allows for the protection of members, and this is why I said it could allow people to create something like a 'firewall' between them and predatory forces. Corporations can be very practical solutions to problems. No over-reaching profit motive is needed, nor mandated. There is no requirement that corporations make any money. Usually a company would want to make something to pay operating expenses, but companies can be carried by the principals for years without any profit at all.

The most important things include clear decisions about what the members want the company to do, and the principles on which it is to be founded and operated, conflict resolution mechanisms, and some other things. You can get together with other like minded people and decide, or make one with just one person.

The real central point of a corporation is the concept of limited liability. It is because of this that some people buy property through a self owned company, to protect other assets from possible liabilities arising from the property. But you can make a company that does not own any significant property, and is simply used for purchasing and distribution, or just about anything you can think of, as long as it's legal. In this regard, companies can do things that ordinary people cannot, simply because a wide range of suppliers will only deal with companies/corporate clients.

Ceiling unlimited.

Originally Posted by Seraph

Ramil, my experience in companies gives me a different perspective. Companies can be started with very different founding principles. There is really no limitation on the founding principles, as long as they are legal. You could even start a company with anarchic principles included in the memorandum of agreement. The distinguishing feature of companies is the concept of limited liability. It is this feature that allows for the protection of members, and this is why I said it could allow people to create something like a 'firewall' between them and predatory forces. Corporations can be very practical solutions to problems. No over-reaching profit motive is needed, nor mandated. There is no requirement that corporations make any money. Usually a company would want to make something to pay operating expenses, but companies can be carried by the principals for years without any profit at all.

The most important things include clear decisions about what the members want the company to do, and the principles on which it is to be founded and operated, conflict resolution mechanisms, and some other things. You can get together with other like minded people and decide, or make one with just one person.

The real central point of a corporation is the concept of limited liability. It is because of this that some people buy property through a self owned company, to protect other assets from possible liabilities arising from the property. But you can make a company that does not own any significant property, and is simply used for purchasing and distribution, or just about anything you can think of, as long as it's legal. In this regard, companies can do things that ordinary people cannot, simply because a wide range of suppliers will only deal with companies/corporate clients.

Ceiling unlimited.

So, how many such companies have you been running? How much have you managed to achieve so far in terms of your understanding what companies should stand for?