Question of the day : what is the limited company for in the twenty first century?

Common place limited liability for registered companies was a mid nineteenth century British creation. It arose as the railways helped fuel massive commercial expansion. Those who created it had the concerns of the likes of Adam Smith ringing in their ears. They know that limited liability had moral hazard deeply and implicitly buried within it. […]

source https://thebtrader.com/2020/05/03/question-of-the-day-what-is-the-limited-company-for-in-the-twenty-first-century/?utm_source=rss&utm_medium=rss&utm_campaign=question-of-the-day-what-is-the-limited-company-for-in-the-twenty-first-century