Would you advise a company to become an early investor inCuba?
Expert Answer
No
1. Businesses are not recognized as legal entities in Cuba.
Here in the US, companies are recognized as a separate legalentity, essentially their own person, with many guaranteed rightssimilar to you and I. This also means that a business itself andnot its employees will be held liable in the event of a bankruptcyand certain illegal actions. In Cuba, things are entirelydifferent. There is a way to set up a “corporation”, but liabilityfalls squarely on the shoulders of the owners and employees.
2. A cooperative is the closest thing to a
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