Re: FN-FORUM: forming a ltd

date posted 16th August 2007 16:10



[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
>
>
What I think you'll find happens is that should you want a loan or
overdraft facility on your company bank accounts, then you sign a
document stating you will be liable for the debt.

This really is a one-man-band issue. They credit risk you and take the
view they want their money back :)