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thanks terry and rpi these are good ideas and good advice. I will use these thoughts a lot in the future.

this is funny because part of me always wanted to be one :D:eek:

ok, so bear with me ... with the toilet thing it sounds like the language used that has caused the confusion and possible blurring between the company and the person who attends weekend bbq's on their own time. if he had said "I own a company that does toilet installation" this may have...

Thanks Terry - this is interesting because i might set up a company and/or trust one day. 1 - I wont be able to limit liability re debt as I fully plan on borrowing for real estate. I can accept this and I know if I manage my cash flow it shouldnt be cause for concern 2- If (in the first few...

Is the director only liable in cases of negligence? Ie the reasonable actions/reasonably foreseeable arguments? If what you say is true Terry then companies designed to limit liability dont, and trusts dont either, and having the family home in partner's name is useless too and we are...