Re:Is that ship still stuck?
by Mockapapella on Friday March 26, 2021 @02:09AM
(#26589213)
When and where did they exist for a limited period of time? It never even occurred to me that this was an option
Re:Is that ship still stuck?
by brian_cloutier on Friday March 26, 2021 @03:57AM
(#26589722)
The first European joint-stock corporations were for single voyages. Everyone would band together and fund a ship to go somewhere, then split the earnings and dissolve the corporation: https://en.wikipedia.org/wiki/Joint-stock_company#Early_join...
It's pretty much still like that now, except the last step is "go work for Google for a few years in golden handcuffs".
Re:Is that ship still stuck?
by zinekeller on Friday March 26, 2021 @06:06AM
(#26590384)
Apparently, in the Philippines until it was revised in 2019 companies are required to have a limited lifespan with a maximum lifespan of 50 years. (https://www.pwc.com/ph/en/taxwise-or-otherwise/2020/on-the-l...)
Re:Is that ship still stuck?
by estaseuropano on Friday March 26, 2021 @02:48AM
(#26589413)
Railways.
Seriously though that's pretty amazing.
Fun fact: corporations used to exist for a limit period of time, to solve a particular problem, and were then dissolved. With the introduction of indefinite corporations, we end up with cool setups like those /u/throwawaybutwhy has highlighted.