As a legal person, the corporation could be sued, rather than filing 100 law suits against each of the individual investors, none of which could pay the judgement.
It's gone too far. I am sick of seeing "investors" hide behind the corporation shield.
I want to go back to being able to sue each investor to the point of bankruptcy.
I don't think that it will stifle innovation, because greedy people always want to make money. But I do think that it will make them think twice about legal ramifications that they normally would flaunt under a corporation.