I know what you mean here and I agree.
However just because you can legally do something does that mean you should? especially if you wish to do business in public?
Let me ask you this?
Say I have a chat to the 50 people I work with, and say, hey, we can do the lottery. You all give me $1 a week, and I'll put $50 on lottery tickets, and we'll share any winnings, as you will have 50 chances to win a share of whatever we get.
(and many people do this)
So I do this, and everyone is happy, we have a few $10 wins, and a few $100 wins and I share the winning.
Then we win the jackpot and get $100 million.
I could give my 50 friend $2 million each, but hey, now we're talking REAL money and my and my family would be set up for life, so I decide I'll keep the money all to myself.
That's legal as there is no contract, and it was all just set up as personal trust.
Are you OK with me doing this, as hey, I've not broken any laws, and in fact you'd stand up for my right to do this?