Could you structure the company (legally) such that each team was an independent company that the parent company holds a majority stake in? This way if an indiv

Could you structure the company (legally) such that each team was an independent company that the parent company holds a majority stake in? This way if an individual team got sued, the parent company's liability would be limited to it's investment in that team, and sibling teams would be isolated completely. Of course, I have no idea if that is how liability works, and even if it was, the accounting situation for the overall company would be a nightmare.