Limited Liability Company Abolition Act of 2014 (Failed)

[Southern Senator North Carolina Yankee]

Really? Really?


This will cause tremendous problems for all my shaddy hold.... er the Atlasian economy. Indeed, most of the companies that utilize this do so to avoid risk, we should not be increasing the legal exposure of such firms in such a broad manner. If there is some specific area of neglect then that would be dealt with within that issue set (environment, labor whatever). Anyway, I am not seeing any good reason for this.

[Southern Senator North Carolina Yankee]

So is a LLC not that if your firm gets bankrupt, you don't have to pay for everything with your private money? (Sorry for the bad wording, I hope you understand what I want to say...)

It also extends to legal liability, which is what TNF is gunning to remove here.

[Southern Senator North Carolina Yankee]

They do have legal action against the company and there are laws regulating the activities of individuals already with regards to companies (Financial regulations are a big example). So there is a way to go after them on the environment or to change a law to allow for such, without having to abolish LLCs.

[Southern Senator North Carolina Yankee]

Well, I think it's a poor idea. Plus, you'd think that if we were going to discuss something so drastic there'd be some kind of cataclysmic event that precipitated it... but I guess this is the new Atlasia.

Glad to see you have been paying attention since August of 2013.

[Southern Senator North Carolina Yankee]

Well, I use the word "new" liberally, because I refuse to accept that anyone actually thinks this is the way things should be forever.

The drastic event is the legislation itself. That is how I used to use the emergency slots to speed us through TNF's handywork, but of course he never runs out of stuff to introduce so that was a futile endevour to try and work through it more quickly.