2 ms·
not just big companies. Limited liability is a powerful thing
by permo-w 2y ago
not just big companies. Limited liability is a powerful thing
- throwaway48476 2y agoThat's not what limited liability is. The point of limited liability is that the investors aren't responsible for the debt if the company goes bankrupt. What is happening here is impunity.
- permo-w 2y agolimited liability is the concept that a business is an entity with its own legal status separate from the people that run and own it. it extends beyond debt