this post was submitted on 17 Oct 2024
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Technology
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Shipping companies setup separate LLC's for their ships so of they have an accident the ship goes bankrupt and they keep their profits shielded.. that kind of stuff is bullshit
Yes. Like every system, there are those who abuse it. But you must be careful so that while trying to punish those abusers, you don't end up creating avenues to also punish those who don't abuse the system, but simply make a mistake. This sets a precedent so that the government can target the assets of the owner of the company if they're not satisfied the company punishment, which doesn't sound as cool when the company in question is your family's bakery or your neighbor's paralegal office.
Shit take. Get judged by peers
Everyone thanks you for your helpful insight into this topic.