Hello, everyone.

This is Enta.

We've been getting calls from all sorts of places, and it seems like things are getting pretty busy around here.

I really appreciate it.

I'll do my best to help, but please give me a call as soon as possible lol

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But that's beside the point.

Who owns the items and machinery at the company?

Do you understand?

There are a lot of people who misunderstand things like this.

People who have this misconception tend to think the same thing: they believe that everything in the company belongs to the president.

That's not true.

All of those items belong to the corporation. (For sole proprietors, they belong to the individual.)

 

What Is a Corporation?

"Although not human, they are recognized as legal persons under the law and may validly perform legal acts,
"A person who has been granted the status to be a subject of rights and obligations."

 

That's the point.

If you make a purchase using profits earned through company activities, everything becomes the property of the company as a legal entity.

The idea that “what belongs to the company belongs to the president” is wrong.

 

However, when a company makes a major purchase,The business owner is a joint guarantorWe will take out a loan. (Borrow money)

That means that if something goes wrong at the company, the management will take full responsibility for it.

That's where the risk for business owners lies.

That’s exactly why business owners are so stingy. (It goes without saying.)

If you have a mortgage, you probably know exactly what I mean—you spent your whole life building that house, right? lol (Though there are exceptions, of course.)

I think I took out a mortgage with myself as the joint guarantor and insured myself.

Can you just kick that house or break it apart? You'll take good care of it, right?

 

It's the same thing. From the company president's perspective, he'll do everything he can to protect the company he built by taking out a loan—a loan that represents his entire life's work.

That’s exactly why we take good care of the company’s equipment and machinery, and why we pay attention to the little things. (It goes without saying, lol.)

This is just how it is.

What about the CEOs at your companies? (Except for the big ones, lol)

We're taking on considerable risks behind the scenesThat's right.

There are plenty of other risks as well.

That said, I don't want you to understand that at all, but,

The point is that it's better to know than not to know.

 

See you later.