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《Journal of Liaoning University Philosophy Social Sciences Edition》 2005-04
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The Analysis on the Value of the Doctrine of Limited Liability

LI De-zhi (Shenyang Architecture University, Shenyang 110168,China)  
Central to the doctrine of limited liability is the principle that a company assumes a corporate personality independent of its members. As an investor,the shareholder may not be liable for the debt beyond the paid fund upon incorporation. The merits upon its formation and development must be seen in the field of bringing the investment incentive of potential investor into play, developing economies of scale and promoting the corporate legal system to completion. The doctrine of limited liability exists with objective value, but not perfect in every way. It is established the doctrine will be better and approaching completion day by day, provided the negative influence of it has been found, and right remedy for solution has been done.
【CateGory Index】: D922.291.91
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