4 ms·
With a limited responsibility company, if it goes bankrupt its the company and not you personally. Any debts would only go against company accounts and not you
by vfc1 7y ago
With a limited responsibility company, if it goes bankrupt its the company and not you personally.
Any debts would only go against company accounts and not your personal bank account.
I think the judge in some cases could still hold you accountable depending on lots of factors, but for most cases the debts of the company would not go over to you (AFIK).