When most people here the word "corporation" they think of giants like Microsoft and GM. There are many corporations in the US that are literally tiny "Mom and Pop" shops.
I have a different view on corporations. I don't see them all as gargantuan evil empires (most corporations are but not all). My peculiar view on corporations is due to the fact that my parents own a corporation.
A very small corporation.
The corporation my parents own has no employees. It's just Mom, Dad and two spoiled cats.
For over thirty years Mom has worked a full time job because the corporation usually doesn't make enough to support itself let alone provide a living for Mom and Dad.
They keep the corporation, even though Dad's business is a financial failure. Despite his considerable manual skills Dad is unemployable because of his age and because he lacks formal training and fancy, high priced, college degrees.
They also keep the corporation because it provides some tax and legal protection.
No, Mom and Dad aren't doing anything illegal. A corporation is basically just a legal document that changes how you are taxed and protects your personal stuff from being taken in a lawsuit.
If anyone tries to sue the business, and wins, they can only take what the business owns. They can't touch Mom and Dad's house, anything Mom and Dad bought with their own money nor can they garnish Mom's wages.
If I had any assets worth protecting I'd start a corporation for myself.
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Please, keep your comments clean, civil and relevant. Cussing with foul language just for the sake of using foul language only proves the person to be an obnoxious, dull-witted fool.
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