You have friend who is planning to form a new business. They come to you for advice as a Christian as they want to obey God in the operation of their business. They are concerned as to whether Christians should attempt to minimize their tax burdens, after all, "Render unto Caesar that which is Caesar's," right? Further, they are concerned as to what liability protection really means and whether a Christian should use an entity that provides for liability protection. They fear that by using such an entity they might be shirking their personal responsibilities. In order to help with their decision, answer the following:

What is meant by the concepts of limited liability, and/or liability protection. From the perspective of a Christian worldview, is it wrong for a business owner to use a business organization form that provides for liability protection?