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A comment on The public has a right to know how companies that pay no taxes pull it off. Parent comment

Re:The public has a right to know how companies that pay no ... by crazypython on Tuesday November 03, 2020 @10:02AM (#24980206)
Because a company is allowed to go in debt or bankrupt independently of its shareholders. If your LLC is in debt and defaults on that debt, the owners (you) won't go in debt.

There are better explanations, including that a corporation is a beast of the state etc.

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