Quote:
Originally Posted by AdultKing
It's got nothing to with hiding things, it's a way to protect your assets should your business venture fail. Any decent accountant will advise you to do this, because if you don't and you just have a trading company, then you can lose your house, car, savings, everything if your company fails.
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Strange,there is no LLC type of company in Australia ? I mean,here you can fuck up things pretty hard,yet you can open new company without problem.Tho think there was a new regulation which forbid to those people which fucked up to open new company,but still they wont lose their assets due it.