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lenerdenatortoday at 12:13 AM1 replyview on HN

In this case, they'll be right. That, again, is the purpose of incorporation. It's also the same concept that keeps someone from emptying out all of your personal bank accounts if your small business gets sued.

What you'd need is something that either removes that protection past a certain amount of value, or, to tell entities like Meta - which are basically sole proprietorships with window dressing - that they're not entitled to the protection of incorporation if they don't enact a real corporate governance model.


Replies

essephtoday at 2:43 AM

> It's also the same concept that keeps someone from emptying out all of your personal bank accounts if your small business gets sued.

Unless you have an SBA loan. Then the suing party can't get blood from a stone, but the federal government sure can.