4 ms·
It's not like companies didn't exist before the US created LLC's in the 1970's. You don't need legal, registered corporations to have companies. Companies would
by codexb 2y ago
It's not like companies didn't exist before the US created LLC's in the 1970's. You don't need legal, registered corporations to have companies. Companies would still exist. And even without explicit limitations on liabilities created by LLCs, any reasonable court is going to limit the liability of a company. It's trivial to create private agreements and EULA's that do effectively the same things as LLC law.
The thing you're failing to realize is that the concept of "ownership" and "benefit" aren't black and white. There are stockholders, investors, beneficiaries, members, clients, subscribers -- they all have at least some level of benefit from a company or organization, and depending on how it is organized, they may have some direct control or liability of it as well.
What you are asking for is mandatory violations of privacy with no legitimate purpose. It's the kind of "if you've got nothing to hide, then you shouldn't be worried" type of mentality that typically isn't tolerated elsewhere.
- wpietri 2y agoAll modern corporations limit investor liability to the amount invested, something that did not become standard until the mid-1800s: https://en.wikipedia.org/wiki/Limited_Liability_Act_1855 https://en.wikipedia.org/wiki/Limited_Liability_Act_1855 This is a huge government support of investors. It has some societal benefits, which is why we do it, but it's often abused. The notion of "privacy" when people are taking government-supported action in the public sphere is nonsensical. If people have a legitimate purpose for trying to dodge liability and responsibility for their actions, I think having that on the public record is a minimum.