Mini Case 6 Personal Liability Company

A corporation is directed by a Board of Directors. There are stocks, which are remaining assets of the corporation that would be due to stockholders, which fluctuate in value according to the profits or losses of the corporation. Corporations pay a different tax rate then companies and individuals.
A limited liability company (LLC) does not have stockholders, it is comprised of members that have an interest in the company but do not have any personal liability if the company were to be sued. A LLC must file an Articles of Organization with the Secretary of State in order to become a limited liability company.
A sole proprietorship is a business that one person owns. They are personally liable for the company, whereas, if the company would be sued, they could lose their personal assets such as their home, vehicles, etc. …show more content…
These two forms of companies are not owned by the public and should be able to express their right to freedom of speech and donate to whomever they wish. As far as a corporation, I do not believe they should have the right to donate to campaigns for politicians nor be able to speak on behalf or negatively regarding a particular religion. Corporations do not start as corporations from the beginning of the business. The former company owner has made the decision to allow the “public” to own his/her company in the form of stocks. The former owner, has now given up his “individual” first amendment right and now would be speaking for the public if he were to express his beliefs and/or contribute funds from the corporation to political