Limited liability applies to the owners of the company. If the company goes bankrupt, the company goes bankrupt. The owners are not personally liable. It doesn’

Limited liability applies to the owners of the company. If the company goes bankrupt, the company goes bankrupt. The owners are not personally liable. It doesn’t have anything in particular to do with what punishment is appropriate for an individual who harms the public and the owner as agent of the owner and management of the company.