So is a LLC not that if your firm gets bankrupt, you don't have to pay for everything with your private money? (Sorry for the bad wording, I hope you understand what I want to say...)
It also extends to legal liability, which is what TNF is gunning to remove here.
Ah okay, in that point the US and Austria seem to differ... If you do something wrong, well, then you should be the one to take the consequences fully; I though that would be common sense?
I guess I could support that bill if it exempts smaller, locally-based or even just one-person firms, like idk, the local restaurant or the local haircutter... Helping "Main-Street Atlasia" in a way. I do fully support that bigger firms have to stand for what they did, I guess that is common sense, but it might be helpful for our economy if we gave smaller, locally-based firms a starting help, which a LLC often can be (at least in Austria). Maybe a provision that would mandate LLCs to jump to another charter once they reach a certain size, or a certain volume?