Question: Why does the law allow - and even encourage - limits to the liability of a business organization's owners and managers for the firm's action?Some

Why does the law allow - and even encourage - limits to the liability of a business organization's owners and managers for the firm's action?Some issues have arisen regarding the proliferation of LLCs in particular.What the concerns are there?What, if anything, should be done to limit the use of LLCs?

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