Chez2 10 #25 Posted January 12, 2020 10 hours ago, andyofborg said: not entirely sure i understand the point you are making, since i never mentioned self employed or sole trader in the comment you are replying to. A sole trader is, of course, personally liable for any debts his/her business runs up. while there are abuses of the limited liability entities, the benefits in encouraging people to start and invest in businesses outweighs the consequences of the abuse. by and large, directors and employees, are immune from being pursued for corporate debts though there are limits on that immunity should there have been misconduct or a personal gurantee has been effected. You did, you mentioned shareholders so I was explaining the difference between sole traders and limited companies. Share this post Link to post Share on other sites Share this content via...
