Separation matters
A company has its own legal personality. Personal guarantees or direct liability under law may still expose an owner, and the corporate veil can be lifted in appropriate cases.
What should you check?
Have a lawyer review guarantees, credit agreements and personal commitments before signing. Incorporation does not erase existing obligations or replace proper conduct and consideration of suitable insurance.
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Sources and further information
General information, not a substitute for individual advice. Earlier-year sources explain principles only; their annual amounts and deadlines have not been carried forward.