I a study of general incorporation laws in the Uniled States, Eric Hit of Wellesley College notod, "Prior to the adoption of a generaf statute, a business could only incerporate if the atate sassed a special law granting it a corporate charter." Source: Eric Hilt, "Corporation Law and the Shift toward Open Access in the Antebellum United States," Naomi R. Lamoreaux and Jehn Joseph Wallis, eds., Orgeninatians, Civil Seciety, and the Roots of Development, Chicago: University of Chicago Press, 2017. What are the advantages of general incorporation laws over the prevous system? A. General incorporation laws ensure that owners of corporations have unimited liabinty. B. They allow more firms to experience the benefits of incorporation and ulimatey allow greater compection in the market. c. Firms may be expesed to greater serutiny from the legislature when they try to incorporate. 0. They limit the number of firms that can bocome corporations and thus prevent smaler fems from becoming eorporatons. Are there any disadvantages? A. General incorporation laws reduce the owners' responsbity for the firmis dobte. B. General incorporation laws make it more diflicult for firms to attract investors and raise the funds they need. c. General incorperation taws increase the owner's responsiblity tor the frmis dets. D. There are no disadvantages to general incorporation laws:
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I a study of general incorporation laws in the Uniled States- Eric Hit.docx
1. I a study of general incorporation laws in the Uniled States, Eric Hit of Wellesley College notod,
"Prior to the adoption of a generaf statute, a business could only incerporate if the atate sassed a
special law granting it a corporate charter." Source: Eric Hilt, "Corporation Law and the Shift
toward Open Access in the Antebellum United States," Naomi R. Lamoreaux and Jehn Joseph
Wallis, eds., Orgeninatians, Civil Seciety, and the Roots of Development, Chicago: University of
Chicago Press, 2017. What are the advantages of general incorporation laws over the prevous
system? A. General incorporation laws ensure that owners of corporations have unimited
liabinty. B. They allow more firms to experience the benefits of incorporation and ulimatey
allow greater compection in the market. c. Firms may be expesed to greater serutiny from the
legislature when they try to incorporate. 0. They limit the number of firms that can bocome
corporations and thus prevent smaler fems from becoming eorporatons. Are there any
disadvantages? A. General incorporation laws reduce the owners' responsbity for the firmis
dobte. B. General incorporation laws make it more diflicult for firms to attract investors and raise
the funds they need. c. General incorperation taws increase the owner's responsiblity tor the
frmis dets. D. There are no disadvantages to general incorporation laws:
