Corporate transparency

Russell Turpin
Wed, 09 Jan 2002 01:33:10 +0000

Adam L. Beberg writes:
>If you had full transparency why would you even need to concept of a 
>corporation anyway? The main reason to have a corp is to hide things.

That's an interesting viewpoint. But there is another
clear purpose: to get to the public equity market.
Partnerships and individual proprietorships are fine
if the goal is just to pay salaries and distribute
profits, until the owner(s) are ready to exit the
business, or to leave it to their heirs. But if you
want other ways of achieving liquidity, you pretty
much need to be incorporated.

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