The Company

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https://www.amazon.com/Company-History-Revolutionary-Library-Chronicles-ebook/dp/B004SOVAL2 - history of the LLC

  • Concept: loss is limited to your investment. Sounds rational.
  • "Agency problem"- the agent (one who runs) is not the principal (owner).
  • How to resolve the agency problem - people who run the company have full control without influence from the principals