Why You Can’t Trust Products To Be Safe: The LLC

A high percentage of products available to consumers are unsafe. Tobacco, alcohol, and asbestos are obvious examples from the past, but things like microplastics and polyester are being shown to be hazardous to human health as well.

Why do companies sell products they know to be bad? Simple: the Limited Liability Company. No owner or shareholder or manager would knowingly allow a bad product to be sold if there was no such thing as limited liability – they would worry they could be sued forever into the future for hurting people. However, with the Limited Liability Company, owners and managers can take profits each year and know that those profits will never be touched. That is what caused the financial collapse of 2007-2008 with credit default swaps, and what causes so many companies to sell products they know harm and kill their customers.\\\\

Published by

Joel Gross

Joel Gross is the CEO of Coalition Technologies.