In modern law, a corporation, according to Black's Law Dictionary, is an "artificial person or legal entity created by or under the authority of the laws of a state or nation . . . ordinarily consisting of an association of numerous individuals." Assuming that the corporation has its own assets, a creditor who has done business with the corporation, or a tort claimant, may only collect from the assets of the corporation, and not its members or shareholders. The corporation's own liability and structure effectively shields its shareholders from personal liability for the debts of the corporation, unlike a partnership whose members are legally required to make good the debts of the partnership if the assets of the partnership are insufficient.
Is there anything comparable in Jewish law?
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