Quote:
Originally Posted by KlenTelaris
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.
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The equivalent of an LLC is probably a proprietary limited company, they used to protect you but not any longer, there are many more circumstances now in which shareholders/directors can be held liable for loss or failure.