by Medius » Wed Oct 07, 2015 3:09 pm
I think the problem is that we allowed incorporation to be seen as a right rather than as a sought-after-privilege.
Incorporation should have price tags associated, but with some nice benefits to draw people to it. Limited liability is a huge benefit. Investment protection can also be a big benefit. Find some other benefits and include them, but with the price-tag being that companies must cover their externalizations (pay that covers cost of living, taxation for supporting infrastructure, and limitation of environmental impacts).
If a business doesn't want to do that, they can be private and not incorporate, and deal with the direct legal liability that entails.