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by EdwardDiego
812 days ago
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Limited liability companies were created to allow risk-taking in business. They impose a social cost when they fail, but it's one we accept because the ability to have a crack at creating a business, without being personally bankrupted if it fails, creates more economic activity [0]. However, it doesn't mean we have to accept their usage for tax evasion or money laundering. [0]: Caveats - depending on your jurisdiction, don't trade while insolvent, don't personally guarantee business loans or leases. |
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