Corporations

Corporations produce various outputs, such as physical goods, services, education, or entertainment. Any individual can form a corporation if they wish to produce something. Here are the key points:

  1. Profit Distribution:

    • 50% of a corporation's profit is given to the government.

    • The remaining 50% is divided among its members.

  2. Funding and Expansion:

    • Corporations can request funding from the government for expansion or starting capital.

    • They must demonstrate a need or demand for their product and ensure alignment with the principles of a perfect society.

  3. Types of Corporations:

    • Partnership:

      • Formed by any reasonable number of individuals.

      • Partners do not form a council and cannot have employees (only freelancers).

    • Council:

      • Consists of at least three members (1 head and 2 councilors), who can be partners or employees.

      • Functions like government councils, with councilors overseeing different aspects of the corporation and the head ensuring adherence to the principles of a perfect society while maximizing productivity.

      • Unlike government councils, the head of a corporation council is not God.

  4. Representation:

    • If a corporation gains significant influence in an area, either through its customer base or employees living there, it gains the right to be represented in the council governing that area.

Read next: Ownership