Quote:
Originally Posted by KlenTelaris
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.
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It's pretty much the same here, except for the fact that if you're going to be owning overseas entities and having nominee directors you increase the risk, so you want to shield yourself from that risk.
There are also unintentional or inadvertent mistakes a company director might make, anyone can make a mistake, which could cause you unwanted liability. So the safe thing to do is have a holding company/trust structure to protect you from any turn of events.