[hideo]

You're missing GPs point. GP is not arguing to remove the concept of LLCs.

GP is arguing that the entity in charge of all your medical information should not be an LLC. LLCs in general are great.

This company probably shouldn't be LLC.

[ianburrell]

Most companies are limited liability. All companies that would bid on project would be limited liability. Why do you think this project is special enough that the owners should be liable?

Also, LLC in US is kind of company. It is mostly used for small sole proprietorships and partnerships. Technically, public companies are “limited by shares” where shareholders are liable up to value of their shares. But there is no difference in terms of protecting owners from liability so they are called limited liability.

[Nifty3929]

If their lability was not limited, the company would not have been started.

[flangola7]

Why not? As long as they don't do anything that causes harm then the company isn't in danger. If they think it's likely they would cause harm, well then obviously they shouldn't exist.

[chopin]

If the liability is so great that an LLC is necessary maybe it shouldn't be done in the first place.