Advising Directors on Personal Guarantees
The Corporate solicitors at Eric Robinson make the complexities of business law and practice make sense.
No director should give a personal guarantee without first getting legal advice on the potential consequences. Once this sort of guarantee is given, that director is then personally liable for the debts and liabilities of the company; the limited liability status that comes with incorporating a business cannot change that. The consequences could be disastrous if you sign up to a personal guarantee without fully understanding and accepting the risks involved.
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