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Yea and dont forget that 'limited liability' is illegitimate, hence equity can go below zero in case of lawsuits. This will eventually be recognized, then watch
by HIPisTheAnswer 8y ago
Yea and dont forget that 'limited liability' is illegitimate, hence equity can go below zero in case of lawsuits. This will eventually be recognized, then watch the stampede out of equity markets.
- gamblor956 8y agoCourts only pierce the veil of limited liability when the opposing party can show that the company was deliberately undercapitalized (meaning, insufficiently funded to satisfy its liabilities).
- HIPisTheAnswer 8y agoThere are no courts if law in our time. Theyll soon come back on the dark web I hope.