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It is commonly believed that the first corporations were English and Dutch trading corporations from the 1600s. But Germain Sicard, in an overlooked 1952 thesis, argued that the first corporations arose much earlier, in mills from the 1300s in Toulouse, France.
Answer. Corporations were formed because small, family owned businesses needed to expand but didn't have enough capital. They were run by buying stock or a share in the ownership of the company. ...
Expert-Verified Answer Corporations were formed to protect individual investments.