The point of a Limited Company is that people who own and work for the company are not held responsible for the actions of the company. Exceptions apply, of course. This is done to protect people from the failures of the business. If the company you work for goes bankrupt for whatever reason, you don’t want to owe millions to the creditors of the company out of your pocket.
The point of a Limited Company is that people who own and work for the company are not held responsible for the actions of the company. Exceptions apply, of course. This is done to protect people from the failures of the business. If the company you work for goes bankrupt for whatever reason, you don’t want to owe millions to the creditors of the company out of your pocket.