Some of our less-educated people have dredged up the old fallacy that there is something wrong with juridical personality.
Corporate personhood or juridical personality is the legal notion that a juridical person such as a corporation, separately from its associated human beings (like owners, managers, or employees), has at least some of the legal rights and responsibilities enjoyed by natural persons. In most countries, corporations have a right to enter into contracts with other parties and to sue or be sued in court in the same way as natural persons or unincorporated associations of persons.
If it were not for juridical personality the Virginia Company would never have been able to establish itself in America and the United States as we know it would not exist. The Virginia Company had to have the ability to hire people, enter into contracts and own property.
Corporate personhood or juridical personality is the legal notion that a juridical person such as a corporation, separately from its associated human beings (like owners, managers, or employees), has at least some of the legal rights and responsibilities enjoyed by natural persons. In most countries, corporations have a right to enter into contracts with other parties and to sue or be sued in court in the same way as natural persons or unincorporated associations of persons.
If it were not for juridical personality the Virginia Company would never have been able to establish itself in America and the United States as we know it would not exist. The Virginia Company had to have the ability to hire people, enter into contracts and own property.

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