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We allow those protections to allow people to take business risks without taking significant personal risk. This encourages entrepreneurship. I don't think you
by parineum 5y ago
We allow those protections to allow people to take business risks without taking significant personal risk.
This encourages entrepreneurship. I don't think you'd see as many people trying to build widgets if they had to put their family's home on the line.
In exchange for those protections, we get widgets.
- jazzyjackson 5y agoSorry, I didn't mean to imply that LLC / incorporation has no benefit to society, it plainly does. I was responding to the conjecture that it's society at large that writes the rules. I figure the stakeholders writing the laws are the people who have the most to gain.