this post was submitted on 03 Feb 2024
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It's all in the framing:
Why? To encourage entrepreneurship: who would want to start a restaurant or coffee shop if they knew they would be personally liable if the business failed?
Is it possible to misuse limited liability corporations for nefarious purposes? Of course. But it's absurd to imply they don't serve an important social purpose.
I guess I did heavily imply that the concept of limited liability companies is evil by design. That's on me. My intention was to call out the egregious misuse of them.
I'm not even so much concerned that the system is possible to abuse as that it not seen as abuse by too many.