> "An LLC is pretty often abused for fraud" Do you have any stats on "legit" LLCs vs. "fraud" LLCs? I would imagine that the VAST majority of LLCs are started

> "An LLC is pretty often abused for fraud" Do you have any stats on "legit" LLCs vs. "fraud" LLCs? I would imagine that the VAST majority of LLCs are started by honest people just looking to create something new. There will always be social hackers in all fields of human endeavor looking to exploit loopholes for personal gain, but my assumption is that they are a small minority. It seems like the benefits of LLCs to a society would outweigh the negatives.