June 21, 2011
Registering a Company Name as a Sole Trader – Is Your Home At Risk?
Doing business as a sole trader certainly has its advantages, but is it the right one for you? Try registering a company name as a sole trader
A limited proprietary company is an incorporated entity.
The liabilities of your company do not become your personal liabilities. Your company’s creditors will not necessarily be your own creditors. This is particularly important when your business may one day hit a financial down cycle.
Looking at the Safety of your Personal Assets?
To avoid losing your home or other personal asset, your most logical choice should be registering as a limited company.
With an incorporated company in place, you are now able to take financial risks for the company without fear of exposing your personal assets unnecessarily.
CATEGORY: Easy Loans, Loan With Bad Credit, Loans, Personal Loans
