January 17th 2010
Limited Liability Company
Another option in starting your business is as a limited liability company. This option, like that of a sole trader or partnership, also has its pros and cons. The main advantage of a limited company is that it has a legal ‘personality’ of its own, and is liable for its own debts, which in turn provides a limit on the liability of its directors. In effect, that means you will have a limited responsibility, in your personal capacity, for the debts of the company. Continue Reading »