By choosing to incorporate your business with
Singapore Company Incorporation, you will be able to protect all your personal assets from the lawsuit claims, or from the claims of creditors.

It is your company that is in debt -and not you personally!
This is why corporations are much more effective and advantageous than other types of businesses.
Everyone involved in a business partnership will become responsible for the business liabilities including:
-accounts payable
-business loans
-legal judgments
However, by choosing a corporation, those involved within the business are not directly liable. It doesn’t matter whether you are a director, a stockholder or an officer, if the company goes through debt issues, you are not directly responsible for these debts.
You are only liable to the extent of the amount you have invested in tat company.
For example, if you have invested $10,000, and the corporation is now facing a debt of $100,000, you are only liable for the repayment of the debt amounting to maximum $10,000 (the amount that you actually invested).
[More]
Posted at: 10:16 AM | Permalink