without Limited Liability Companies, a civil matter as simple as a copyright lawsuit could permenently bankrupt a small business and take the owners house and all their assets.

I don't agree with companies wantonly externalizing their costs onto the environment or the populace such as Dow or 3M poisoning the entire planet. Criminal liability never goes away for serious crimes, whether sole-proprietership, LLC, or Corp. We need to actually start jailing people though