The Islamic world operated on partnerships rather than corporations up until qui... | Hacker News

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		lmm on May 14, 2019 \| parent \| context \| favorite \| on: Third-Biggest U.S. Coal Company Files for Bankrupt... The Islamic world operated on partnerships rather than corporations up until quite recently. Some important parts of society (GPs, law firms, auditors until a few years ago) still do.

sureshv on May 14, 2019 [–]

Most law firms are likely LLP's or PC's which act as a liability shield.

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