"Not being personally liable" was never intended to mean "you can do literally anything you want - provided you first say the magic phrase 'I am a company'". L

"Not being personally liable" was never intended to mean "you can do literally anything you want - provided you first say the magic phrase 'I am a company'". Limited liability makes a lot of sense in the context of protecting small business owners from being in debt until their death if anything goes wrong in their business - even if it wasn't through any fault of their own. It has been extended an awful lot since then.