You should seriously read up on what an llc actually protects you from, because your lack of knowledge could put you in a seriously disastrous scenario you thought you were protected from.

Who the helm thinks a LLC protects them from everything…? The first term is literally LIMITED…… its not a full liability company lmfao.

Main relevant bit for you

In general, the tort participation theory is a legal principle that holds an owner of a company liable for the company's torts (wrongful acts). This means that even if you are not the one who committed the tort, you can be held liable as an owner of the company.

Not protected from illegal actions… huh…. The exact scenario you just presented… huh… look at that..

[–] Saik0Shinigami@lemmy.saik0.com 4 points 5 months ago* (last edited 5 months ago) (37 children)

Read your own link please.

Don't ever talk again on the internet until you can actually recite the differences. You are acting like an LLC is a sole proprietorship. And you're wholly wrong. Completely and utterly wrong.

There's only 2 cases where you will personally be liable in an LLC...

Piercing the Corporate Veil, you treat the LLC as your personal sole proprietorship.
Tort Participation Theory.

#2 could in "theory" be applicable here. But luckily we already know that emulators are wholesale safe under the law. You should already know this since it's been in response to your comments a few times now. DMCA clause 107. Since pulling your own keys off a device is categorically safe and even downloading the keys is safe... (Only distribution is prohibited by DMCA) Then Yuzu did nothing wrong. But since you completely missed these points I'm going to assume you didn't even read your own damn source.

But I suppose you already know this shit and are just trolling at this point. Since you can't answer a single question that anyone actually asks you. Even the most basic shit of "And what LLC was Gary bowser operating under?" BTW the next question after you answered that would have been "What were the charges that actually got him in trouble". At that point you would have realized that it had nothing to do with LLC operations, emulation, or anything nearly close to this topic. Mod chips != emulation. Nothing close to emulating a console which is completely legal per Sony Computer Entertainment America v. Bleem!

Who the helm thinks a LLC protects them from everything…? The first term is literally LIMITED…… its not a full liability company lmfao.

Wow... What an incredible showing of intelligence. Note that both of the above items (piercing the corporate veil and Tort participation) that can ruin your LLC ALSO HAPPEN IN "full liability company" (doesn't exist). What nonsense.

Edit: Also would like to point out the fact that you've still not answered ANY questions posed. You just throw out additional unrelated shit everytime someone shows you that you're wrong. It's tiring.

[–] SchmidtGenetics@lemmy.world -4 points 5 months ago* (last edited 5 months ago) (35 children)

I never said a full liability company existed, I was using that to show how stupid your asinine claim was that you can’t be held liable in an LLC, I see from your last comment you atleast kind of understand it, even though you won’t admit you were wrong originally. For some strange reason… why are you pretending you didn’t even know you could be liable as an LLC a comment ago…?

Your comment

And no. If your llc dies you don't have to personally claim bankruptcy.

As explained, there is situations, despite this asinine claim. Lmfao. If you company gets taking for 2.4 bil, how do you expect to pay that if you make 80k a year…? If you think I was saying you would always be liable, well that’s entirely on your ineptness that you’ve clearly shown this entire exchange.

You can’t seriously be this inept can you? LLC is this magic thing that protects you from ALL liability… right…. Lmfao.

[–] Lily9149@lemmy.sdf.org 3 points 5 months ago

https://lemmy.sdf.org/comment/10599956

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