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by jahav
1091 days ago
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Llc stands for limited liability company. Corporation, n. An ingenious device for obtaining individual profit without individual responsibility. Thw method to remove limit unlimited liability is at the core of our economical system. We are allowing it, because it works remarkably well and makes us richer. |
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For those who do not recognize it, that’s a quote from The Devil’s Dictionary, written by Ambrose Bierce between 1881 and 1906, published in full in 1911. And yes, that is the full definition given for the word “Corporation”:
<https://www.gutenberg.org/ebooks/972.html.images#:~:text=COR...>
Full text of the book is freely available here:
<https://www.gutenberg.org/ebooks/972>