Corporate Recovery: Unincorporated businesses require their own safety net
US presidential hopeful Mitt Romney caught quite a bit of flak last year for claiming that "corporations are people too".
US presidential hopeful Mitt Romney caught quite a bit of flak last year for claiming that "corporations are people too".
Whatever commentators feel about his contention, the truth is that Irish businesses are made of people, and many of these are operating as sole traders or unincorporated entities, which means that they have neither the same fiduciary duties, nor the same protections as those limited liability companies which operate under the aegis of corporate legislation.
...
Subscribe from just €1 for the first month!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published