[nybble41]

For the most part limited liability is a private agreement between you and your creditors, not a get-out-of-jail-free pass to avoid any and all consequences when you cause deliberate or negligent harm to someone who never agreed to those terms. To be sure, there have been instances where the government shielded someone from liability unjustly or failed to "pierce the corporate veil" when doing so was arguably warranted. However, such cases are very much in the minority compared to instances where limited liability is used purely to protect personal assets from being seized to pay the corporation's debts in the event of a business failure or contractual dispute.