online games, multiplayer games
Simcountry is an Online Digital World where you are the President of a country.
No download needed!
What is Simcountry?
Beginners Info
What is Simcountry?

!!!!!!!!!!!!We want Limited Liability- Petition!!!!!!!!!!!!! (Fearless Blue)

Simcountry: Simcountry Bulletin Board  !!!!!!!!!!!!We want Limited Liability- Petition!!!!!!!!!!!!! (Fearless Blue)

hymy .. (Kebir Blue)

Tuesday, September 07, 2004 - 09:53 pm Click here to edit this post
The corporate HQ has been a much requested feature for several years. Sadly it has gone unimplemented.

The LLC you speak of does not exist on the free worlds. GR has this, in the form of the stock market. When this is implemented on the free worlds this problem will be solved.

The corps in the free worlds and many on Golden Rainbow are private and do not have stockholders, thus there are no investors. Therefore the single owner, ceo or president, must assume responsibility for the debt. Public corps on GR have stock holders who lose their investment if it goes bankrupt. However I'm not sure if the debt is divvied up amongst all the shareholders or just goes to the controlling shareholder.

In any case, with limited liability comes limited profits, because you will hafta share the profits with investors. I think in the long run, it isn't exactly what you want, despite how logical it is.

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