• timestatic
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    2 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. Really depends on the company but if you want to get a loan banks want some safety to back it up

    • Passerby6497@lemmy.world
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      2 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…