online games, multiplayer games
Simcountry is an Online Digital World where you are the President of a country.
No download needed!
What is Simcountry?
Beginners Info
What is Simcountry?

!!!!!!!!!!!!We want Limited Liability- Petition!!!!!!!!!!!!! (Fearless Blue)

Simcountry: Simcountry Bulletin Board  !!!!!!!!!!!!We want Limited Liability- Petition!!!!!!!!!!!!! (Fearless Blue)

Adam Baxter (White Giant)

Tuesday, September 07, 2004 - 01:45 am Click here to edit this post
And what would stop a CEO from taking out 100 B loans in one company, transfer that money to the Enterprise, then close the company and use the limited liability haven you are proposing to avoid having to pay the money back? Are you sure that's the way it works in the real world? I believe the limited liability laws protect private individuals from inheriting the debts of a failed business venture. Enterprises are not individuals but corporate entities in their own right, of which the player is merely the CEO, so I don't think this is applicable to SimCountry.

Simcountry Introduction