"In the early 2000s, a whistleblower known only as "Deep Throat" played a crucial role in exposing the Watergate scandal, which eventually led to the resignation of U.S. President Richard Nixon."
- Chapter 7
Watergate took place in the early seventies (72-74). Mark Felt was identified as Deep Throat in 2005 but was the informant in the 70s. The point on anonymity stands however.
You can convey this by only submitting a single choice on your ballot (a powerful tactic in AV). Conversely, you can vote everyone BUT the one you wish to harm. And by default you can vote NOTA. While it may be that Approval Voting is not the "perfect" answer, it is far better than most and comes with the added benefit of easy adoption/implementation and simple explanation.
There are three points of his, with which I have personal experience, where I believe the article is incorrect.
1. Division of ownership in an LLC can be made very similar to a C-Corp. In all rights and restrictions. In an LLC it is typically called a Unit instead of a Share. You can sell a PPM (Private Placement Memorandum) for Units, at some par value, to raise money. You can dilute Units. Units can have voting rights or not. His statement on division is clearly incorrect from my own company where we had many initial investors. Some were institutional, some were individual, some were via investment vehicles.
2. He states LLCs don't have Options. This is also not entirely true. The similar vehicle in an LLC is called a Warrant. Warrants can have the same rights and restrictions as Options. Warrants are used to incentivize employees with ownership rather than cash. Again, in our company we used Warrants to attract talent and compensate early employees to great effect.
3. Protection is another point he brings up. Yes the Corp (C and S) is battle tested in the courts. Yes LLCs have not been tested to quite that extent. However, to flatly state that a C Corp will protect you is a little overselling what the reality is. The Corporate Veil is not impermeable. As a matter of fact, it is most often pierced (outside of blatant misconduct) by attacking under or low initially capitalized companies and closely held businesses. Companies like startups who start small and become successful quickly.
I see this particular article as not having researched LLCs, their use case, and the benefits they possess in some cases over Corporations. I understand no SV VCs will talk to you unless you have a C-Corp. I get it many Lawyers in the startup ecosystem want you to create a C-Corp. But this is truly a small percentage of businesses and even a small percentage of startup businesses.
Why blanket write off any particular solution (or all others for that matter) without first checking to see if it can meet your specific needs?
>"...remember Apple, Google and a slew of other companies are recognised corporate tax cheats..."
I fail to see how one can make this assertion without any citations. Apple has paid over 19B in tax expenses in 2015 [1]. Alphabet(Google) has paid over 3B[2]. No other company I could find came remotely close to Apple's level. For some perspective, their tax expense is greater than 44% of the world's countries GDPs[3]. If one reads the definition of tax cheat at Investopedia[4] it does not apply to Apple nor Google.
You may not like those companies and you may not believe that they pay enough in taxes but this does not connote that they are "recognized tax cheats".
Watergate took place in the early seventies (72-74). Mark Felt was identified as Deep Throat in 2005 but was the informant in the 70s. The point on anonymity stands however.