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Corporations Should Be Protected Under The Constitutional Rights Essay

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Some people argue that corporations are not people so they should be protected under the constitutional rights. I can understand why they argue that a corporation are not people because they are not a human being, a corporation started it’s existence at the moment that the papers to create a corporation were signed. But we can also argue that a corporation it’s composed of people, so these people if they are together under the umbrella of a corporation are protected under the constitution. Also, corporations are already been treated as a separate being, they have a responsibility to pay taxes, it’s accreditors and to obey the law.
Now there are other laws that directly affect the business like guarantees. We already understand that corporations …show more content…
This is a problem for creditors because they need assurance that in the worse case scenario they will get their money back. This is why a guarantee is used, this way the corporation will sign the contract that says that the corporation will pay the loan but in the worse case scenario the owner or the person that signed as a guarantee will be responsible for the payment of the loan. After the business has a good track record this will not be necessary but in the beginning is very likely that at least for loans will not exist a distinction between the company and the owner.
One more important thing is that it seems that the Consumer Financial Protection Bureau (CFPB) is planning to propose regulations that could regulate and restrict the kind of transactions that BackOffice will automate. Such regulations could adversely affect the market for the new app. Now I suggest getting in contact with the CFPB right away. If they implement these regulations will affect the business and all the work that was put into making this app will be in vain. But the good news is that they are just planning to propose this regulation, so before the regulation passes the CFPB arrange a meeting business and also takes letters from everyone that can be affected by the rule. This is

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