4 ms·

No it’s not. The law is changing to create new additional liabilities for people. The liabilities in question have never existed before, so it could never be li

No it’s not. The law is changing to create new additional liabilities for people. The liabilities in question have never existed before, so it could never be limited. If you commit an act of murder as a company agent, limited liability isn’t going to protect you. This law is simply saying that failing in your legal responsibilities as a specific company officer is a criminal offence. Just like committing fraud as a company officer, or failing to produce accurate accounts will also expose you to personal criminal liability.

that_guy_iain 4y ago
> No it’s not. The law is changing to create new additional liabilities for people. The liabilities in question have never existed before, so it could never be limited. GDPR, Data Protection Act, etc all exist. These are all leveled againist the company. > If you commit an act of murder as a company agent, limited liability isn’t going to protect you. This law is simply saying that failing in your legal responsibilities as a specific company officer is a criminal offence. Just like committing fraud as a company officer, or failing to produce accurate accounts will also expose you to personal criminal liability. Comparing data protection with murder is silly. The law is simply stating if you breach data protection laws it's now a criminal matter againist a person instead of againist a company, Massive difference. Especially, if you registered a company to make sure you're not personally liable for data protect breaches.
- DocTomoe 4y ago
  > Especially, if you registered a company to make sure you're not personally liable for data protect breaches. And that's your mistake right here. A limited liability structure never protected you against wilfully breaking the law, or being criminally negligent, not when it came to murder, and not when it came to data protection. Just ask any engineer who signed off on a design that later turned out to be insufficient according to specification. Data protection criminal charges used to be levied against random people within the company - and now they are focussed on the data protection officer (who criminally neglectfully abandoned their function if there is a breach). If you are still confused about this concept, before you do more in the business structure world, it might be a good idea to talk to a lawyer and make them explain the difference to you.

that_guy_iain 4y ago

> No it’s not. The law is changing to create new additional liabilities for people. The liabilities in question have never existed before, so it could never be limited. GDPR, Data Protection Act, etc all exist. These are all leveled againist the company. > If you commit an act of murder as a company agent, limited liability isn’t going to protect you. This law is simply saying that failing in your legal responsibilities as a specific company officer is a criminal offence. Just like committing fraud as a company officer, or failing to produce accurate accounts will also expose you to personal criminal liability. Comparing data protection with murder is silly. The law is simply stating if you breach data protection laws it's now a criminal matter againist a person instead of againist a company, Massive difference. Especially, if you registered a company to make sure you're not personally liable for data protect breaches.

DocTomoe 4y ago
> Especially, if you registered a company to make sure you're not personally liable for data protect breaches. And that's your mistake right here. A limited liability structure never protected you against wilfully breaking the law, or being criminally negligent, not when it came to murder, and not when it came to data protection. Just ask any engineer who signed off on a design that later turned out to be insufficient according to specification. Data protection criminal charges used to be levied against random people within the company - and now they are focussed on the data protection officer (who criminally neglectfully abandoned their function if there is a breach). If you are still confused about this concept, before you do more in the business structure world, it might be a good idea to talk to a lawyer and make them explain the difference to you.