Entrepreneurs who want to expand their business must do so through partnerships, i.e. they must partner with real, live human beings and not through entities invented by state law. A partnership is an agreement between two or more specific parties, i.e. one party can't sell their stake to another party without getting permission from the existing partners. Consequently, no longer can companies issue stocks (or other equity instruments) on a public exchange to obtain capital. Such a rule would also apply to private corporations.
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