Yes, it is—gp’s point being we do that all the time and often agree that it makes sense.

A baby doesn’t catch a sex pest charge for running around naked, but it also can’t get a gun license. A mom-n-pop doesn’t have to hire an auditor and file with the SEC, but it also can’t sell shares of itself to the public.

Why? The bigger you are, the more responsibility you bear: the bigger the impact of your mistakes, the subtler the complexities of your operation, the greater your sophistication relative to individual customers/citizens—and the greater your relative capacity to self-regulate.