Excerpt from The Organization and Management of a Business Corporation: With Special Reference to the Laws of New York, New Jersey, Delaware, West Virginia; Containing and Co-Partnerships, and Provisions for the Protection of Minority Interests The characteristic feature of modern business enter prise is combination, - of capital, energy and skill. The methods of combination are themselves modern. The present volume treats of these methods whereby interests and forces in themselves widely divergent are brought together and combined in one, easily handled, marvelously effective, legal entity - the Corporation. Formerly business combinations were effected almost, entirely by the partnership. This was, and is, clumsy, nu certain and hazardous. Its liability is unlimited. The property of one is the property of all. Opportunities for fraud are numerous. For all the larger enterprises it has been practically superseded by the Corporation. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.