Re: FN-FORUM: forming a ltd

date posted 16th August 2007 15:49

On Thu, Aug 16, 2007 at 03:08:27PM -0000, [EMAIL REMOVED] wrote:
>
> Hi Neil,
>
> Sorry I'm not aware of that....we opened our ltd and bank accounts almost 7
> years ago...back then I didn't have to sign any forms and as far as I'm
> aware I'm still not responsible if things don't work out.
>
> I shall ask the accountant next time I speak to him though
>
> Gina
>
> -----Original Message-----
> From: [EMAIL REMOVED] [EMAIL REMOVED] On Behalf Of Neil Hook
> Sent: 16 August 2007 15:40
> To: FN-FORUM / [EMAIL REMOVED]
> Subject: Re: FN-FORUM: forming a ltd
>
>
> Gina,
>
> Hasn't a new law been passed recently, whereby Directors of Ltd companies
> will be responsible for paying companies debts?

???
Don't think so. There may be liability of the directors have 'misbehaved', but
if a company goes under for 'good reasons' (eg: bad market conditions; could not
compete; ...) then the directors should not have liability.

If you think there is a law: please give a reference.

> The reason for asking, is my bank asked me to sign a form, whereby I am
> personally responsible.
>
> N
>

--
Alain Williams
Linux Consultant - Mail systems, Web sites, Networking, Programmer, IT Lecturer.
+44 (0) 787 668 0256 http://www.phcomp.co.uk/
Parliament Hill Computers Ltd. Registration Information: http://www.phcomp.co.uk/contact.php
Chairman of UKUUG: http://www.ukuug.org/
#include