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<   No. 4152   2019-12-24   >

Comic #4152

1 Death of Insanely Overpowered Fireballs: “Employee name:” Death of Insanely Overpowered Fireballs.
2 Death of Insanely Overpowered Fireballs: “Employer name:” Hmm. “Death”, do you think?
3 Death of Inhaling Hatmaking Chemicals: Deff Ltd.
4 Death of Insanely Overpowered Fireballs: Death is a limited liability company??
4 Death of Inhaling Hatmaking Chemicals: Registered in the Cayman Islands.

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A limited liability company is a company registered under government regulatory laws that allow the company to be treated for some purposes as a legal entity in its own right, rather than as the operations of specific individuals. This means that whoever is administering the company is not personally liable for certain financial and legal obligations.

For example, the company will pay company tax on its revenue, rather than the operator of the company paying personal income tax on the company's revenue. And if the company is sued for some reason, the company is liable for any damages, rather than the operator of the company being personally liable.

There are a lot more details, but I'm no expert in corporate law, and the details vary form country to country anyway, so providing a fuller overview here is impractical.

I did toy with the idea of Death being "Death GmbH", just because I find the German "GmbH" abbreviation cool. But I realised it would be more amusing if the company was registered somewhere with much laxer corporate laws than Germany.

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