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Accountability sinks

(aworkinglibrary.com)
493 points l0b0 | 1 comments | | HN request time: 0.192s | source
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larsrc ◴[] No.41893900[source]
I've long thought that that is one of the main functions of corporations. There's a reason they're called limited liability. The fact that you can conjure up new companies at a whim makes it easy to shuffle responsibility into an obscure corner.

This is a strong reason that corporations should not be considered people. People are long-lived entities with accountability and you can't just create or destroy them at will.

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RandomLensman ◴[] No.41894218[source]
Limited liability corporations are a relatively new concept and there is certainly scope to change how/when/where they could be created and run, for example.
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1. ChrisMarshallNY ◴[] No.41894573[source]
I recently had to submit a copy of my drivers license to the feds, for my LLC. I have heard that they are working on the accountability shield for LLCs.