Actually, on the whole issue since Id' be forming an online company... has anyone looked into starting the company *completely* offshore? Interested in it *not* for, um... tax rationalization purposes... ahem... but more for the fact that I'm a bit of a global vagabond and don't know how long I'll actually be in Aus. So, was thinking bank accounts in Hong Kong and a business account somewhere else.
Just wondering. Anyone know about this stuff ? Thought someone might be able to save me a ton of research on it. ciao ! Daryl. On Tue, May 11, 2010 at 3:04 PM, Clifford Heath <[email protected]>wrote: > On 11/05/2010, at 2:46 PM, Josh Price wrote: > >> To summarise: a limited company (ie Pty Ltd) is a structure which protects >> you personally from any debts a company could incur >> > > On the other hand, you have the responsibilities of a director, > which are rather extensive also. But yeah, P/L gives you some > protection, except from loss or damage caused by you being > negligent or otherwise not exercising your directorial responsibilities. > > I.e. if you believed in your business plan and did all you could > reasonably be expected to to make it succeed, and yet it fails, you > don't lose your house... unless you borrowed against it or signed an > indemnity with some client... so don't do that. Purchase PI insurance > ad self-fund instead. > > In a partnership, all partners are equally and separately responsible > for all liabilities incurred by any of them, and it's difficult to legally > determine what actions were taken in the partnership and which > privately, and difficult to formally disassociate, so this tying of > liabilities > can extend long after *you* thought the business has wound up. Nasty! > > Short form: don't even consider entering a partnership like this. > > Clifford Heath (I'm not an accountant or a lawyer either). > > -- > You received this message because you are subscribed to the Google Groups > "Ruby or Rails Oceania" group. > To post to this group, send email to [email protected]. > To unsubscribe from this group, send email to > [email protected]<rails-oceania%[email protected]> > . > For more options, visit this group at > http://groups.google.com/group/rails-oceania?hl=en. > > -- You received this message because you are subscribed to the Google Groups "Ruby or Rails Oceania" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/rails-oceania?hl=en.
