This overview was extremely well-organized, and helpful! I have a final tomorrow, and you made everything MUCH clearer in an hour than my professor did in an entire semester! THANK YOU
As an amateur enthusiast, I think the reason where a corporation is considered an "artificial person" is to help protect individuals who may not be as qualified or versed in the court of law to enforce their employee agreements which are carefully drafted, hopefully by those experienced in the law, in an effort to protect said employees from any possible liability.
Before watching. Does this apply to UBE bar? I am an LLM and never studies this course, and just want to have a background before starting the bar prep course in order to make things easier and smoother in the course.
A charity gift by a corporation, is not necessarely in contradition with the profit motive of a corporation, because in many instances, if not in most of them, its purpose or effect is to increase its business exposure, goodwill, and or reputation that may translate into income and profit.
Personal note: good for the owners that a corporate can be sued because it means they personally won't be. (Cf. at the start and around @14:50) and exception = pierce the corporate veil (si se ponen descarados)
Corporations are not taxed because they are a person in the sense of you or I. Taxation is voluntary in general for the people of the 50 states and mandatory for the artificial person. Meaning the rules of apportionment under Article I stand for the people absent agreement but anything created by or existing by permission of the state is subject to the rules of the State. The natural person, if born in the current 50 states, is not a subject nor a resident in his/her own country. These are foundational principles and fundamental law. Thanks for the presentation.
