[ianburrell]

Most companies are limited liability. All companies that would bid on project would be limited liability. Why do you think this project is special enough that the owners should be liable?

Also, LLC in US is kind of company. It is mostly used for small sole proprietorships and partnerships. Technically, public companies are “limited by shares” where shareholders are liable up to value of their shares. But there is no difference in terms of protecting owners from liability so they are called limited liability.