Friday, May 27, 2011

Avoiding personal liability for company debts and claims

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It is impossible to operate a business without creating business liabilities. One of your primary business objectives should be to keep those liabilities as the sole responsibility of the company and prevent them from becoming your personal liability as an owner.

Just as I observed in my last article, the mere process of incorporation does not in itself protect the business owners or shareholders from the company debts or liabilities. Every business is subject to liabilities. Essentially you

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