4 ms·

I thought limited liability was about money, not about jail time. They're about insulating the owner from debt. The LLC can go bankrupt without ruining the own

I thought limited liability was about money, not about jail time. They're about insulating the owner from debt. The LLC can go bankrupt without ruining the owner.

consp 4y ago
To my knowledge it also shields you from most criminal parts as you can say "It was the lower downs, not my doing" despite it almost always is policy.
- pkroll 4y ago
  Having the employees is what provides the shield: it becomes harder to prove who exactly, did what.