alt Hacker NewsSelling anything takes on unbounded risk for limited gain. That’s why the limited liability company exists.
Risk becomes bound to the total value of the company and you can start acting rationally.
Selling anything takes on unbounded risk for limited gain. That’s why the limited liability company exists.
Risk becomes bound to the total value of the company and you can start acting rationally.
Historically it's the other way around - limited liability for corporations let juries feel free to award absurdly high judgments against them.