"Richard J Kinch" wrote in message
. ..
Ed Huntress writes:

And that's precisely the historical justification for the legal entity
of a limited-liability corporation, Richard. There is nothing else
there.

Nothing else? How about:

-- Division of ownership from management
-- Ability to contract and own property longer than mortal individuals
-- Abstracted, transferable, fungible ownership
-- Restricting an enterprise to chartered purposes
-- Ability to divide a business across geographical boundaries

And which of those couldn't be handled by existing contract- and other law,
without limited liability?

What's your point? Are you aware of the legal history of incorporation? If
so, what is it you're arguing about?

Ed Huntress