Corporate Law - Corporate Lawyer
Ross,  Marin County, San Francisco North Bay, Ca. USA  94957

Corporations exist in part to shield their
 shareholders from personal liability for the debts of a corporation. Prior to the invention of the limited liability corporation in the 17th century, any partner in a general partnership could be held responsible for all the debts of the corporation. As the capital needed to finance the largest projects grew, and along with it the necessity of raising money, investors were reluctant to invest because of the risk involved in essentially guaranteeing the entire debt of the business entity.