Company law and CSR

Company law creates a separate legal person that can own property, contract and sue, shielding its shareholders with limited liability, while corporate social responsibility asks companies to spend on social good beyond profit. This chapter explains incorporation, the corporate veil, directors' duties and CSR. A worked example shows a one-person business that incorporates: debts of the company are generally the company's, not the owner's personal debts, unless the veil is lifted.