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No, limited liability is not an end in itself. Ask yourself what we’re trying to encourage by granting investors limited liability.
by NotYourLawyer 3y ago
No, limited liability is not an end in itself. Ask yourself what we’re trying to encourage by granting investors limited liability.
- gamblor956 3y agoLimited liability with respect to investment in a business activity is the sole original reason for the corporate form, as you don't need a corporation to pursue a mutual business activity (that's what Partnerships are for).