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Could a corporate entity exist without government charter? (lemmy.org)

submitted 4 weeks ago* (last edited 4 weeks ago) by GreenTea@lemmy.org to c/asklemmy@lemmy.ml

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[–] CanadaPlus@futurology.today 1 points 3 weeks ago* (last edited 3 weeks ago)

Because I maintain that if the US govt disappeared, all the entities you currently consider “US-based corporations” would not disappear.

Publicly traded corporations wouldn't really make sense or exist anymore, but certain private ones might manage to go oligarch, and become/set up a new government. Most would be hopelessly unprepared and would be overrun, though. In my own answer there's an anecdote about this.

People know what the Sinaloa cartel is, and might not know about the nuances of corporate structures, or even what a share is, but do have a vague idea corporations are complicated and very dependent on law enforcement and litigation to function. I won't argue semantics.