President Joe Biden's administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup automaker struggled to become profitable. read more
#3 | Posted by LampLighter
I was backing Speaks on his comment.
I have had a couple of S corps. Similar thought to your reasoning, I had partners and we decided S Corp was the more preferable route.
I don't debate the purpose of incorporating. The thought they are "people" however is ridiculous. A corporation cannot go to prison but executives and workers can and do. That essentially proves the corporation is not a person and I do not believe it was correct to interpret a corporation to be a person or citizen for that matter. That is an important technicality I believe. A corporation cannot vote. Yet according to Citizens United it can spend all the money it wants on elections. Ridiculous.
If you or I were to plead guilty to these charges we would go to prison at least briefly. PEOPLE committed the crimes, I do not believe corporate shields should protect them from that. I do not mean the fall guy middle manager either.