WeWork, the company known for renting shared office space to startups and big-name clients like Facebook and IBM, has an innovative business structure.
The New York-based company uses single-purpose entities, registered as limited liability corporations, to sign its leases with landlords. If one of its locations does poorly, the landlord has to deal with it, rather than WeWork.
That way, the company shields itself in case there are failures at individual locations. And the landlords are cashing…
