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Old 12-30-2020, 07:57 PM   #673
jason taylor
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Join Date: Aug 2005
Location: Portland, Oregon
Default Re: 'Imperial Culture' (non-canonista)


The converse of mega corps. These are used to handle small investments. An example might be a Free Trader or Subsidized Trader which has a single corporation in an entire ship. Sometimes the user has a buyback option from the sponsor or a contract whereby shares shift to him at a steady pace. Another possibility is that the voyage is the corporation but the ship and crew is "loaned" to it for a percentage of shares (this is known for subsidized vessels where the government share is taken as tax).

Other uses are known. Sometimes a family or extended family will incorporate to make it easier to divide the patrimony on the death of the family head. At least one nation has the peculiar custom of making every citizen a Corporation Sole.
"The navy could probably win a war without coffee but would prefer not to try"-Samuel Eliot Morrison
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