Hansmann, Henry B.; Kraakman, Reinier H.; Squire, Richard - 2006
United States from the 19th century to the present"--John M. Olin Center for Law, Economics, and Business web site … and owners: namely, the rule of limited liability that insulates firm owners from business debts. But a less-noticed form … firm assets from the owners' personal creditors (and from creditors of other business ventures), thus reserving those …