Results 1 to 10 of 21

Thread: When the close corporation structure fails to protect the members.

Threaded View

Previous Post Previous Post   Next Post Next Post
  1. 04-Dec-09, 10:54 AM #11
    Marq
    Marq is offline
    Platinum Member Marq's Avatar
    Join Date
    May 2006
    Posts
    1,297
    Thanks
    73
    Thanked 283 Times in 216 Posts
    My advise to you Vern would be to get some legal advise. (and for Sieg's piece of mind please pay for it and don't begrudge the fees)

    If you have sureties in place you can be held personally liable. If they can show negligent trading and breach of company law then it is also a case for personal liability. But if everything was above board and there are no ties to the shareholders then the cc's are separate entities and they will have to go the route of looking for their money there first in any case.

    In the meantime good luck with all of this.
    The cost of living hasn't affected its popularity.
    Sponsored By: http://www.honeycombhouse.com
    Reply With Quote Reply With Quote

  2. Thank given for this post:

    Dave A (04-Dec-09), vern (04-Dec-09)
« Domestic worker minimum wage increases | How do you submit your UIF returns? »

Tags for this Thread

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Forum Rules