19 ms·
You also just described the major problem with the government artificially allowing such a thing as a limited liability (I'm talking about legal, not debt) corp
by foonamefoo 19y ago
You also just described the major problem with the government artificially allowing such a thing as a limited liability (I'm talking about legal, not debt) corporation.
- yummyfajitas 19y agoThis has little to do with limited liability. In fact, the problem here is that groups within the company do NOT have limited liability (from each other), thus necessitating some oversight. The only role limited liability plays here is that investors in this company to lose only their investments (but not their house and car) should the company die.