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> The government interferes here for good reason, as no one would start a business if they would be personally responsible for random things. People started bu
by dragonwriter 10mo ago
> The government interferes here for good reason, as no one would start a business if they would be personally responsible for random things.
People started businesses for a very long time before limited liability existed. Heck, people continue to start businesses as general partnerships and sole proprietorships to this day, despite the fact that those forms do not feature limited liabiity, centuries after limited liability was first applied to some business forms. So, “no one would start a business if they would be personally responsible” is very clearly false.