June 2014 | Builtin Insurance & Building Warranties

Are you a director of your own limited company? You could be held personally liable if your company fails

by Ben Rickard | Jun 30, 2014 | Insurance

Do you know if your company is solvent? If it’s insolvent and you continue to trade you could be in breach of the Companies Act. If the company can’t pay its bills, creditors could seek recovery directly from you personally. The building industry is chocka with...