New Zealand judge Evangelos Thomas criticised failures of safety audits given ‘obvious risks’ that led to 2019 fatal eruption

  • deadbeef79000@lemmy.nz
    link
    fedilink
    arrow-up
    1
    arrow-down
    1
    ·
    edit-2
    1 year ago

    But with unlimited liability, if your cafe fails, you lose the house

    That’s the point.

    LLC limits that liability of the directors and only the directors. The liabilities are still paid for by someone. LLC just means that someone is someone else: probably supplies and employees who don’t get paid.

    If you can’t afford to self insure your cafe, don’t start a cafe.

    I can’t afford to start an investment bank, so I don’t try.