• novibe@lemmy.ml
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    6 months ago

    Are you under the impression that private business owners have to cover losses…? Like that’s what a LLC is, a limited liability company. If it goes bankrupt the private owners are only liable for a part of it.

    If a private business owners goes bankrupt, he just has to, gasp, find a job.

    If a worker loses their job they might go fucking homeless.

    • Cryophilia@lemmy.world
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      6 months ago

      I think what he’s getting at is you lose both your job and your shares (which are presumably part of your retirement) if the co-op goes tits up. It’s more risk.