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The completely "open" ability to incorporate to an agreed common purpose is IMHO perhaps the most significant legal breakthrough in the last 100 years, at least.

Limited liability is an add-on, and a morally dubious one if obtained without anything given in exchange.

The LLP allows the same collective/ multilateral ("Joint") action by two or more people with a common purpose as partnership does.

But crucially it does not have the individual/ bilateral ("Several") responsibility of Partnership.

It is, I think, unique in this new synthesis of the collective and the individual. It opens up entirely new "property rights" and "tenure" possibilties.

This "Open Corporate" capability is hugely important IMHO at all levels of enterprise from couples all the way up to governments. There is no area of policy that could not be improved upon through adoption of an "Open Corporate" partnership-based approach, I believe.


"The future is already here -- it's just not very evenly distributed" William Gibson

by ChrisCook (cojockathotmaildotcom) on Tue Nov 13th, 2007 at 09:47:37 AM EST
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