this post was submitted on 17 Oct 2024
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To clarify the cost of creating an LLC is a hundred bucks more or less depending on the jurisdiction. So Elon should be allowed to create "Musk Corp Oct2024 LLC" and then say or do anything under the guise of Musk Corp Oct2024 LLC, then if he's sued or fined just declare bankruptcy and create "Musk Corp Nov2024 LLC" and do whatever he wants?
At some point you have to recognize the individual is at fault. You can't just hide behind "Oh that wasn't me, that was the company" or " That was Musk of SpaceX having an opinion of Musk of Tesla, they are different entities."
If someone is attempting to be genuine and truthful when it comes to personal statements, fine, we can consider the protections. But if someone is flagrant and malicious then those protections no longer apply.
Yes that’s how it should be. But who determines if the person is doing it on purpose or if it’s a genuine mistake? There shouldn’t be ambiguity in the law, which is why you always either end up hurting corporations, or hurting citizens. Can’t please both with objective law.