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Your proposal would actually punish mom and pop stores in aggregate. Limited liability is incredibly important to business operation.
by partiallypro 6y ago
Your proposal would actually punish mom and pop stores in aggregate. Limited liability is incredibly important to business operation.
- dnautics 6y agoThose operations can choose to pay income taxes. A lot of small operations (contracting shops whose customers are businesses) will do just fine without limited liability. You can also limit liability on a contract by contract basis. Many people are incorporating their operations just to be able to claim business expense deductions on their income stream. This seems unnecessary.