> His contrast of personal liability for entrepreneurs in Europe with the essential absence of any such liability in America is true.
Not sure what you refer to here since as far as I know most European countries have provided limited liability companies to entrepreneurs since the 19th century. I know for sure Sweden has has them since 1848.
EDIT: Read the original article and it seemed to talk about failure to pay social charges for employees being a criminal liability. That may or may not be the case in Spain, but at leats in Sweden it is no different from failing to pay salaries in general. If you cannot pay what you owe you have to bankrupt your company and the government will pay the salaries. If they think you did it for fraudulent reasons they might press charges against you personally, but that is rare.
Not sure what you refer to here since as far as I know most European countries have provided limited liability companies to entrepreneurs since the 19th century. I know for sure Sweden has has them since 1848.
EDIT: Read the original article and it seemed to talk about failure to pay social charges for employees being a criminal liability. That may or may not be the case in Spain, but at leats in Sweden it is no different from failing to pay salaries in general. If you cannot pay what you owe you have to bankrupt your company and the government will pay the salaries. If they think you did it for fraudulent reasons they might press charges against you personally, but that is rare.