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by partiallypro 1894 days ago
Your proposal would actually punish mom and pop stores in aggregate. Limited liability is incredibly important to business operation.
1 comments

Those operations can choose to pay income taxes. A lot of small operations (contracting shops whose customers are businesses) will do just fine without limited liability. You can also limit liability on a contract by contract basis. Many people are incorporating their operations just to be able to claim business expense deductions on their income stream. This seems unnecessary.