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LLCs do not protect against tort liability. They'll pierce the veil. See Facebook v. Power Ventures, Inc., where the founder was found personally liable for 3 m
by cookiecaper 11y ago
LLCs do not protect against tort liability. They'll pierce the veil. See Facebook v. Power Ventures, Inc., where the founder was found personally liable for 3 million dollars in damages despite the fact that he was a) accessing Facebook on a specific user's behalf at their request and therefore was essentially a browsing device and b) was not violating copyright by any reasonable standard (Ticketmaster v. RMG is not reasonable) since the content he was downloading was owned by the user requesting the download.