User Tools

for kids who can't troll good and want to learn how to do other things good too

Site Tools

law:limited-liability

Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revisionPrevious revision
Next revision		Previous revision
law:limited-liability [2026/08/10 11:59] – [Suicide Trolling] Humphrey Boa-Gartlaw:limited-liability [2026/08/19 09:08] (current) – [Acquiring Limited Liability] Humphrey Boa-Gart
Line 7: Line 7:
 A **Limited Liability Corporation** //(also known as an **LLC**)// is a type of hybrid business entity in the United States //(with rough equivalents in many other countries)// which goes through a formal incorporation process specifically designating it as an LLC. The specifics of this process vary by state, but they usually want information about your company, what it does, where you do it, how to contact a representative of your company in person if ever necessary, and of course some processing fees. The final result is a business entity that is laid-back like a d/b/a, but enjoys some of the same Limited Liability benefits & pseudo-personhood that a full-fledged corporation has. A **Limited Liability Corporation** //(also known as an **LLC**)// is a type of hybrid business entity in the United States //(with rough equivalents in many other countries)// which goes through a formal incorporation process specifically designating it as an LLC. The specifics of this process vary by state, but they usually want information about your company, what it does, where you do it, how to contact a representative of your company in person if ever necessary, and of course some processing fees. The final result is a business entity that is laid-back like a d/b/a, but enjoys some of the same Limited Liability benefits & pseudo-personhood that a full-fledged corporation has.
  
-{{wst>enola|LIMITED. FUCKING. LIABILITY!}}+{{wst>enola|LIMITED! FUCKING! LIABILITY!}}
  
  
Line 13: Line 13:
  
 The basic LLC is but one type of Limited Liability available for your [[diy:ops|operations]]. There are also many sub-types with different spins on the concept: The basic LLC is but one type of Limited Liability available for your [[diy:ops|operations]]. There are also many sub-types with different spins on the concept:
 +
  
  
Line 48: Line 49:
 ===== Acquiring Limited Liability ===== ===== Acquiring Limited Liability =====
  
-Limited Liability isn't just a big truck you can throw claims into, but rather a complex series of legal tubes held up by centuries of precedents in English Common Law. You can't just say your company is a Limited Liability Company. You have to **earn it**, by building a documented legal foundation for your Limited Liability claims to stand on, so that lawyers & magistrates can actually make sense of where exactly your LLC intersects with the real world.+Limited Liability is not a big truck that you just dump claims on, but rather a complex series of legal tubes held up by centuries of precedents in English Common Law. You can't just say your company is a Limited Liability Company. You have to **earn it**, by building a documented legal foundation for your Limited Liability claims to stand on, so that lawyers & magistrates can actually make sense of where exactly your LLC intersects with the real world.
  
 //For the purposes of this tutorial, we will be creating anonymous LLC's in **New Mexico**, as it is the cheapest & easiest of all states to do this kind of thing from remotely. It costs a mere **fifty dollarydoos** to register your LLC with the state, and this registration is __**good for life with no annual filing requirements**__. However, you may want to consider adapting this guide for **Wyoming**, as they make up for having more expensive & recurring filing fees by having no state income tax. Alternatively: **Why not both?**// //For the purposes of this tutorial, we will be creating anonymous LLC's in **New Mexico**, as it is the cheapest & easiest of all states to do this kind of thing from remotely. It costs a mere **fifty dollarydoos** to register your LLC with the state, and this registration is __**good for life with no annual filing requirements**__. However, you may want to consider adapting this guide for **Wyoming**, as they make up for having more expensive & recurring filing fees by having no state income tax. Alternatively: **Why not both?**//
- 
  
  
Line 130: Line 130:
  
 ===== Limits of Limited Liability ===== ===== Limits of Limited Liability =====
 +
 +{{ :law:7llcs.jpg?250|}}
  
 It needs to be stressed that //"Limited Liability"// does **not** mean //"No Liability"//. Limited Liability is not a magical [[gear:get-out-of-jail-free-card|"Get Out Of Jail Free" Card]]. It just means there are some protective legal barriers that help facilitate legitimate compartmentalized business operations. These barriers can be exploited for abuse in some cases //(and indeed this is by design to help the elite capitalist class that micromanages our entire society)// but those are advanced tricks for the knowledged legal elite. It needs to be stressed that //"Limited Liability"// does **not** mean //"No Liability"//. Limited Liability is not a magical [[gear:get-out-of-jail-free-card|"Get Out Of Jail Free" Card]]. It just means there are some protective legal barriers that help facilitate legitimate compartmentalized business operations. These barriers can be exploited for abuse in some cases //(and indeed this is by design to help the elite capitalist class that micromanages our entire society)// but those are advanced tricks for the knowledged legal elite.
law/limited-liability.1786363153.txt.gz · Last modified: by Humphrey Boa-Gart

Find this page online at: https://bestpoint.institute/law/limited-liability
CC Attribution-Noncommercial-Share Alike 4.0 International The Anonymous Fruit Company Erischan Novelty Lanterns

Copyright 2026 Best Point Holdings Ltd. Co.
"Limited Liability, Limitless Lulz."