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I love the complaint that there's unfair tests that ease the requirement for bona fide businesses, separating them from citizens who use LLCs to invest in real

I love the complaint that there's unfair tests that ease the requirement for bona fide businesses, separating them from citizens who use LLCs to invest in real estate or to protect their assets. Limited liability is regulation, so it's absurd to complain about extra rules for limited liability corporations being overreach. The new rules might be misguided, but it's incoherent to say that an adjustment to what is allowed under an existing set of regulations is an overreach.

like_any_other 2y ago
Perhaps it's not technically 100% correct to describe it as specifically "overreach", but a two-year jail term for forgetting an obscure piece of paperwork is not reasonable, and is guaranteed to be abused. In making such nitpicky technical complaints, are we not throwing out the baby with the libertarian bathwater?