Please check grammar or sentence structure error and make sense the topic of limited liability

After reading, listening, and watching the required material, I believe that one of reasons that the government allows a corporation to have limited liability for corporations and LLC's is to encourage people in the economy to open a business. In times of depression, people dont tend to want to open a business. However, the government will want people to do business to overcome the economy. In the reading from FitsSmallBusiness, it says that allowing limited liability could be good because it protects owner from personal liability, and offering flexible tax options, but it also hard to raising money difficult. In my opinion, limited liability must be unconditional because if it were absent, there will be many risks for people to open a business, so they will not try which result in economic activity becomes difficult for the government.

Limited Liability Company is easy to set up and administer LLCs. Its also cheapest business structure to provide overs with protections against personal liability. When it comes to taxation, LLCs dont have their own federal tax classification, but can adopt the tax status of sole proprietorships, partnerships, and S corporations or C corporations. LLCs can always take advantage of pass-through taxation meaning its profits go directly to its members without being taxed by the government on the company level. However, C corporations are taxed twice on distributions to shareholders and S corporations avoid double taxation and receive pass-through tax treatment, but not all corporations are eligible. By taking double taxation, It is very beneficial to the government because it needs money to run on its own, and the money comes mainly from taxes. I think that the government does not give the operators benefits for no reason, so the government keeps continuing to push for the limited liability due to the high amount of tax causing beneficial to them.

Also, the LCCs are required to pay self-employment and excise taxes. According to the article from FitsSmallBusiness, it mentions that depending on the structure of your business, you may also be required to pay self-employment taxes on profits, up to 7.5%. It's clear that taxes, whether high or low, aren't good for business. From my own research, the articles says that LLC owners pay twice as much self-employment tax as regular employees, because regular employees' contributions to the self-employment tax are matched by their employers.(Diana Fitzpatrick). I think the big goal of the government is to get as much text as possible. That is why the government thinks it is the biggest reason for allowing limited liability.

The government allows limited liability to convince people in the economy to open a business, so not only people does not risk his or her personal possessions in case the business fails, but also the government can do economic activities for the country. What matters to the government in economic activity is tax. The government drives people into business in a limited liability way, but I think one of their big goals is tax. For example, C corporations are taxed twice on distributions to shareholders and LLC owners pay twice as much self-employment tax as regular employees. For that reasons, I think the Government allow limited liability for LLCs and corporations.