> do businesses have any obligations other than profits?

do businesses have any obligations other than profits?

Posted at: 2015-07-28 
Businesses exist for the SOLE purpose of making profits, of maximizing the return on their investment.

BUT businesses are held to standards by law, and you could see those as obligations. If you make a product, it must conform to legal safety standards, food and drug laws, you can't make enormous lies in advertising, etc.

Also businesses sometimes 'promise' things that they may or may not be legally liable to do.

to sell a good product for profit

Yes, they must pay taxes.

They must pay business rates on their premises.

They must keep the law of the land.

Not "publicly-traded" companies, no...their ONLY obligation is to maximize shareholder ROI...

rea