"It is a very lamentable state of things, but I see no help for it. The money in such cases is gone—gone by mismanagement always, often by fraud and jobbery, and by the time that such questions come before the Courts it is a mere suggestion upon whom the loss shall fall. It is rarely borne by the persons whose ignorance, mismanagement, or dishonesty has caused the loss, as they are almost always without means, and have generally speculated as badly for themselves as for those who have put them in office. I see no help for it but in that which appears to be a plant of slow growth, caution on the part of persons liable to be affected by the ruin of these societies."
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Original Language: English
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Sources
Wills, J., In re Companies Acts, Ex parte Watson (1888), L. R. 21 Q. B. 308.
https://en.wikiquote.org/wiki/Companies
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Companies
Companies are business organizations. A company is an association or collection of individual real persons and/or other companies, who each provide some form of capital. This group has a common purpose or focus and an aim of gaining profits. This collection, group or association of persons can be made to exist in law and then a company is itself considered a "legal person". The name company arose because, at least originally, it represented or was owned by more than one real or legal person.
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