Responsibility in any kind of business increases investment

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What justification, if any, should exist for limiting liability of an owner of any business, whether corporate or not? Should it not be the case that the one with a potentially unlimited amount of profit or benefit to derive bear the unlimited amount of ultimate responsibility? Limiting ultimate responsibility in any type of business increases investment, but at what cost? Are businesses likely to be more prudent and honest or less so?

Reference no: EM1371794

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