Corporate Law [Course] [No. 86] - What is Limited Liability? [No. 86]

Explore the Core of Corporate Law: Unravel the Purpose, Existence, and Legalities Behind Corporations with The Federalist Society. Dive into Fiduciary Duties, Limited Liability, and Essential Court Dynamics. Join us to decode the pillars of corporate structure!

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22 learners

What you'll learn

Understand the purpose and role of the corporate form in society
Identify reasons for the existence of corporations and their economic impact
Differentiate between transactional law and litigation in the context of corporate operations
Recognize the significance of fiduciary duties for corporate executives

This course includes

41 min of video
Certificate of completion
Access on mobile and TV

Summary

Keywords

#fedsoc federalist society conservative libertarian fedsoc federalism fed soc

Full Transcript

Who does limited liability protect and why was it developed in the first place? Professor J.W. Verret explains that limited liability is the key to large scale development. Small investors could take a chance on a business opportunity without the risk that they would be held personally responsible for accidents or problems. These people might lose the money they invested, but they would not be pursued for larger debts that the company could incur on its own. J.W. Verret is an Associate Professor of Law at Antonin Law School at George Mason University. He teaches Banking, Securities and Corporation Law. As always, the Federalist Society takes no position on particular legal or public policy issues; all expressions of opinion are those of the speaker. Subscribe to the series’ playlist: https://www.youtube.com/playlist?list=PLWwcngsYgoUUZbOYW__5aGAR25VawDu6A #law #lawstudent #no86 #lawschool #corporatelaw #corporatelawyer

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