They do lose their business. They are liable to lose their entire LLC and everything owned by it.

Over 70% of rentals in Vermont are owned by small or medium landlords and are usually held in LLC’s. The tax benefits of being a landlord are not anywhere near as advantageous as I had assumed before I read more about it for a family member

Personally, I think you're conflating LLC behavior with that more typical of corporate REI’s but I’m entirely sympathetic your EAT THE RICH vibes