Goh, limited partnerships could work. You still don't have a legal instrument (a share) that you can freely transact and has attached rights. It's maybe impor

Goh, limited partnerships could work. You still don't have a legal instrument (a share) that you can freely transact and has attached rights. It's maybe important to realize that when the amounts get bigger and the projects riskier that the personal liability becomes meaningless. What happens if you are personally liable for a 10 million eur debt... well your life is over, but also nobody is going to actually get their money back from you cause you are not able to pay that. I think it's quite rational for a society to say that you will lose everything you have in that business, but the investors/debtors can only pursue you up-to this point. Especially when taking on riskier projects that require lots of capital.