tag:blogger.com,1999:blog-2182962435875556601.post5808697270720798448..comments2023-09-24T08:04:06.909-04:00Comments on FSK's Guide to Reality: Limited Liability Incorporation is EvilFSKhttp://www.blogger.com/profile/11903396202330950362noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2182962435875556601.post-89959593498135704352009-02-02T08:32:00.000-05:002009-02-02T08:32:00.000-05:00FSK,I'm reading a book by Gerry Spence right now a...FSK,<BR/><BR/>I'm reading a book by Gerry Spence right now and he makes the same argument. That corporations are inhuman, are allowed protection above what a human would have, and can therefore not be found liable. <BR/><BR/>That being said, let's say with my blog, where I dispense my opinion to people about their defaulted debt issues, and that I clearly state that this is my opinion... let's suppose I am making $5,000 per year.<BR/><BR/>In order to protect my personal assets from proftit seekers (lawyers and their plaintiffs) I make 'debt prison' a limited liability coporation. I do this to protect my livlihood from others. In my case, I hope I am not doing it so I can begin some immoral behavior without concern for consequences.<BR/><BR/>My blog, as a piece of the free market, will grow in market share because my advice and research is regarded with more value and honesty than other blogs like mine. As a result my readership grows, my ad revenue grows, and thus the liklihood of being sued for some reason grows. <BR/><BR/>How would you suggest I protect my livlihood from the greed mongers? Should I just leave it up God and the hope that others will attempt to be honest like me?<BR/><BR/>Anyway this is a good discussion and I think both sides should be heard/debated.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2182962435875556601.post-84991918511578155852009-02-01T01:37:00.000-05:002009-02-01T01:37:00.000-05:00As individual you can go bust in US. But in europe...As individual you can go bust in US. But in europe, this is not possible in general. once I suggest, if you have a child you must deposit 50000 dollaras to state account. This is a limited liability sum for a individual if he goes to bust. Now corporations and individual are egual this respect.<BR/><BR/>I think you are quite correct to argue LLC is evilAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2182962435875556601.post-14455393164224506432009-01-31T19:36:00.000-05:002009-01-31T19:36:00.000-05:00FSK you are totally wrong on this one.LLC just mea...FSK you are totally wrong on this one.<BR/><BR/>LLC just means that any contracts with them have the implicit condition that in the case of a breach, the limit you can get from them is what the company has in assets. There is nothing immoral about such a contract term, and no one forces you to do business with the LLC.<BR/><BR/>LLC's are particularly important in today's "sue the hell out of every business" culture. Why should some entrepreneur lose his house because he accidentally trespassed on someone's patent?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2182962435875556601.post-87271051407302807162009-01-31T14:00:00.000-05:002009-01-31T14:00:00.000-05:00Disagree.This is basically the conflation argument...Disagree.<BR/><BR/>This is basically the conflation argument of Roderick Long from a utilitarian perspective.<BR/><BR/>LLCs or limited liability contracts in themselves are not evil.<BR/><BR/>Evil is found when the state awards a LLC a monopoly, requiring people to choose a firm with a legal advantage against it's customers. Evil is found when the state has a monopoly on what is legal and what is not. Evil is found when the state has a monopoly on the definition of business models.<BR/><BR/>This argument is like the guns kill, people don't kill argument.<BR/><BR/>What's worse, it sounds too much (for my ears) like Carsonite Marxism or "anti-man pro-regulation-state trolling".Anonymousnoreply@blogger.com