3 ms·
There are plenty of other forms of companies than LLC which people can use. With an LLC, the company is only liable with the capital that it has, and if it has
by badpun 3y ago
There are plenty of other forms of companies than LLC which people can use.
With an LLC, the company is only liable with the capital that it has, and if it has none, then it can scam people with impunity (there can be criminal charges if there's outright fraud, but you won't win any money in a civil case against a company that scammed you, if the company has no money).
- zeroCalories 3y agoDon't know how it works in the UK/Germany, but an LLC isn't a complete shield against liability. If you're scamming people or acting recklessly you could easily find your personal assets targeted by a judge.