Tax reform proposal: the limited liability shield is incredibly inexpensive, bordering on free ($600/yr here in MA). On the other hand, it’s insanely valuable. Let’s generate tax revenue by charging fairly for this incredible gift to business operators. In lieu of system wide income taxes, we can charge a percentage of revenue in return for limited liability protection. Don’t like the tax? Chance it, and shareholders can take legal responsibility for the actions of their organizations.