Want to learn why or how to use a company when buying an asset?
What are the risks involved when owning assets?
John Gallagher, local Sunshine Coast solicitor provides the answers to all your questions.
Can suppliers or creditors sue if they're not paid? Can anyone who supplies good or services be sued for damages? By owning a property you can face a claim for damages, if someone is injured on your land.
And If any of these claims are made, you can lose all of your assets, everything else you own, not just that business.
And if you're just a shareholder or the director of the company, can other assets in your own name be at risk? You should seek legal advice about your personal exposure, if a claim is made against the company.
What is a legal strategy when buying a business or a property, to avoid being sued? Are there negative tax consequences for setting up a company?
View Youtube channel youtube.com/ArgonLawMaroochydore