ShmoopTube

00:03

Finance a la shmoop what is a corporation? corp-o-ration.. [Mouth saying syllables of corporation]

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see the Corp in there? well it's latin short for corpse or

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body so a corporation may or may not be cold and covered with maggots [Man disguised as a corpse wakes up and screams]

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corporations are just legal bodies they're generally set up so that

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there's a clear legal distinction between things and individual does and

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things that the company she works for does let's say you want to set up your [mime artists at the window of a shop]

00:34

own mime training studio brother can you spare a mime, but then you hit a wall

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one of your mime trainees becomes badly injured while trying to get out of a [mime trainee gets injured while attempting to get out of a glass box]

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glass box and you get sued you lose..wow you're totally speechless so your

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corporation which was basically just you ten grand in the bank and a hat rack [Laptop showing $10.000 in the bank beside a hatrack]

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full of berets well it loses everything you turn over your 10k to the sue-er

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the one who sued you and you dust off your hands and move on try new venture [mime dusts off hands]

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tapping into your prior experience as a mime therapist well legally the guy who

01:11

sued you while working for the corporation can't sue you personally

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your $350,000 home is untouchable yeah who knew miming paid so well same deal [Mimes $350,000 home]

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on that untouchable-ness of your Prius and the untouchable-ness of your

01:26

collection of invisible ropes, the legal body of the corporation threw itself on [Mime pretending to move along an invisible rope]

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the landmine of your lawsuit and took the blow while you just walked away [Mime artist moon-walking off stage]

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