It is better, but it's difficult to guarantee that the company will never go through a stage where a personally-guaranteed overdraft is the best option. At leas

It is better, but it's difficult to guarantee that the company will never go through a stage where a personally-guaranteed overdraft is the best option. At least in the UK these are usually jointly and severally repayable by the founders. At that point I'd far rather be the founder in my early 20s with nothing but debt than the one with the house who is going to end up homeless.