Quote:
Originally Posted by AdultKing
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.
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Well,if a ceo fucked up company by diverting company assets to buy bullshit stuff like car,house,yacht,whatever instead investing it or serving company bills then he should be definitely liable. But if company failed
due higher force like market crash or anything else like that,then he shouldn't be liable,that is very anti entrepreneurship.