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LLCs do provide limitations towards losing your life savings or home. They create a buffer between personal and corporate assets. I think a key difference is th
by bumby 4y ago
LLCs do provide limitations towards losing your life savings or home. They create a buffer between personal and corporate assets. I think a key difference is the benefits are targeted towards those who are trying to create value, whereas UBI is much less targeted. At least from an economic sense, LLCs seem like a much more efficient mechanism.
- danaris 4y agoSure, they prevent you losing those things if the company loses more money than it has and the creditors want to come after you personally. They don't prevent you losing those things if you invested your life savings in the company, and you mortgaged your home to invest more. Which are both things that people trying to get companies off the ground do, especially if they don't otherwise have the means to do so. If you're considering the primary purpose of a UBI as being encouraging entrepreneurship, then sure, they're not that efficient. I do not consider that to be its primary purpose, nor have I yet spoken to anyone who does. It is one of many, many benefits to a UBI that should be considered.
- deleted 4y ago[deleted]