re: #133 DangerMan (misuser of the sarc tag)

It’s not the LLC form as such
It’s corporations in general
Any one goes belly up and it’s the unpaid creditors left holding the bag first and foremost

Which happens whether you’re dealing with a corporation or a sole proprietor. Corporations/LLCs were mostly created to allow people to get capital that wasn’t a loan while also protecting investors by creating something other than a general partnership.

The excesses of corporations isn’t so much the money aspect as it is the rise of shareholder primacy among publicly traded business management types.