1. What are the risks of being a sole trader?
In this case, you and your company are one and the same: there is no screen between you and the victims.
Business and personal assets are therefore legally merged. Regardless of the liability involved (administrative, criminal, civil), you are liable for the company's pecuniary judgments, not only on the company's assets but also on your personal assets.
ToolSummary table of cases where the operator of an ICPE is personally liable (Tool Table summarizing the cases in...
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What are the risks of being a sole trader?
What are the risks associated with the corporate structure?
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