> There is a good reason to get a PTY Limited company in that is says > LIMITED. In short it means that if you do something WRONG they can > only sue the COMPANY for every cent it has. > Leaving YOU with your house and car and other possessions intact. > > If you only have a business name and you do something WRONG then they > can not only sue every cent from your BUSINESS but ALSO every cent > YOU own INCLUDING your house and car and other possessions. > We are not talking about deliberate wrongdoing here just stuffing up. > So it's more expensive for a PTY Limited company but you have that > protection. The company is treated like an individual and the company > cops the flack. Not you. Your choice. Is it worth the risk in these > litigious days? Doesn't professional insurance cover and Director liability blur the line so that for small operations Sole Trader business option is appropriate and for larger operations Company option is appropriate?
-- Joey -- SLUG - Sydney Linux User's Group Mailing List - http://slug.org.au/ Subscription info and FAQs: http://slug.org.au/faq/mailinglists.html
