If you do something malicious as a director then they can get behind the
company and sue the Directors for their houses.
But this has to be proven. If you are just incompetent or unfortunate
then it's pretty much only the company that cops it.
IANAL but that has been my official advice.
Also if you are going to get a PTY Limited company or even a business
name then it's also a good idea to get a domain name to match.
You may want it one day...
Ben
Voytek Eymont wrote:
On Thu, September 21, 2006 9:00 pm, Ken Wilson wrote:
The benefit of the Pty Ltd company is the limited liability. Limited to
the share capital you put into it ($1 shelf company), not everything that
you own and earn.
yes.....
though, these days, lawyers claim against both company *and* director
personaly...
and, win...
I'm not a lawyer, but, I think, in case of 'one person company' some of
the argument to justify it is, well, that it is 'one person company'
did I say I'm not a lawyer ?
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