Limited Liability

Economics Economics Questions
1

To those who believe limited liability could exist without the state:

If a “limited liability” company damages someone’s property by accident, and the victim didn’t sign a contract recognizing the limited liability, why should the owners of the “limited liability” company be protected?

2

indeed limited liability could not exist with regard to torts committed against 3rd parties.

but limited liability would be a limit to the liability of stockholders to creditors.