Answer the following questions:

1. What are the advantages and disadvantages of forming a limited liability company?
2. Should a member of a limited liability company be liable for obligations that arise after the member has left the company?
3. How can a corporation be properly punished if it commits a tort or a crime?
4. Are the steps required to incorporate too easy or too difficult?
5. Should shareholders ever be held personally liable for the wrongdoing of the corporations in which they hold shares?
6. Should members of the board of directors ever be held personally liable for the wrongdoing of the corporations in which serve?