Limited liability companies were created to allow risk-taking in business. They impose a social cost when they fail, but it's one we accept because the ability

Limited liability companies were created to allow risk-taking in business. They impose a social cost when they fail, but it's one we accept because the ability to have a crack at creating a business, without being personally bankrupted if it fails, creates more economic activity [0]. However, it doesn't mean we have to accept their usage for tax evasion or money laundering. [0]: Caveats - depending on your jurisdiction, don't trade while insolvent, don't personally guarantee business loans or leases.