General Discussion
In reply to the discussion: Why are some people so distrustful of corporations? [View all]Major Nikon
(36,925 posts)If you take two companies the same size, where one is a corporation and one is not, you typically have far more human attributes with the corporation. You have a whole network of human attributes including board members and executives which are answerable to the stockholders. Some corporations are even employee owned and certainly have far more human attributes than any sole proprietorships. Certainly many corporations have zero interest other than profit motives, but that's pretty much the same for any other profit distribution structure, including sole proprietorship and in that instance you only have one person who is only answerable to one individual. Corporations also typically have a host of employee benefits for many or all employees like a retirement plan and healthcare. Sole proprietorships generally don't. Sole proprietorships that only have a few employees are also exempt from many laws which insure safety and fairness of the employees. Corporations are also more likely to have unions, which create far more human attributes.