• Passerby6497@lemmy.world
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    29 days ago

    If you don’t have wealth amassed outside the company and the company ends up not being able to pay debts your entire livelihood can be taken by a debt collector.

    Man, I wonder what it would be like to live like that. Just dependent on a company making money so you don’t have your livelihood taken from you…

    • timestatic@feddit.org
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      27 days ago

      If you work for a company and it goes bankrupt you don’t get your entire private shit seized. You can find a new company to work for. Starting a company based on debt is inherently risky. This comparison isn’t really as great as you think it is.