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LIMITED LIABILITY – WHAT DOES IT REALLY MEAN?

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LIMITED LIABILITY – WHAT DOES IT REALLY MEAN?

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First and foremost, the principal benefit of trading via a limited company has always been the limited liability bestowed upon the company’s officers and shareholders. As a sole trader or other non-limited business, personal assets can be at risk in the event of a failure of the business, but this is not the case for a limited company.

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