Re: Liability
Its certainly heavily abused. A pub/hotel I used to drink in was phoenixed by the same bloke on an almost yearly basis for the 10 years I was there. And the building industry is rife with it too.
I'm guessing limited liability is used by the open cast mining companies to avoid filling in the holes like they promised and by many other organisations in similar ways.
If you use it I guess you might think its a good idea but I doubt it has any real positive effect on the economy.