The notion of separate legal entity and limited liability first created by the case Salomon v. Salomon & Co Ltd [1897] AC 22 had generated debates on whether an artificially formed entity should be granted the rights analogous to a natural person and, more importantly, permit those who own and control it to be immune from liability. I evaluate and discuss the legal position regarding the above statement with reference to the Corporations Act 2001 and relevant …showed first 75 words of 6920 total…

…showed last 75 words of 6920 total…Adrian Wooldridge, The Company: A Short History of a Revolutionary Idea, Modern Library (2003). Lawrence Mitchell, Corporate Irresponsibility, Yale (2001) Ted Nace, Ganges of America: The Rise of Corporate Power and the Disabling of Democracy (Berrett-Koehler, 2003) William Roy, Socializing Capital: The Rise of the Large Industrial Corporation in America, Princeton U. Press, (1997). Christopher Stone, Where the Law Ends: the Social Control of Corporate Behavior, Harper Torchbooks, 1975. "The Spread of Limited Liability Companies" by the Corporate Research Project