La gente es racional: si tienes mucho que perder, constituye una sociedad de responsabilidad limitada

Es un estudio sobre si la riqueza que ponen en riesgo los emprendedores influye en su decisión de convertirse en un empresario individual o constituir una sociedad de responsabilidad limitada. Los emprendedores “pobres” entendiendo por tales los que no tienen bienes embargables por los acreedores constituyen SL en menor medida que los que son ricos

By this classification 35% of the entrepreneurs in the KFS sample are judgment proof. Limited liability is redundant for many small business owners. Judgment proof entrepreneurs are 13% less likely – 58% versus 71% – to form a limited liability entity than non judgment proof entrepreneurs. I also find that the extent of an entrepreneur‟s exposed wealth matters. For every $100,000 of exposed wealth an entrepreneur is 2.1% to 2.6% more likely to form a limited liability entity. Liability exposure has a modest effect on choice of organizational form