Most people don't realise that they can potentially be held personally liable for the debts of their company during the time they're directors – even if they're silent directors, or later leave the company. To take their proper care and avoid sleepless nights on your side, you will have to do some preemptive planning. I'm not planning on dying, but everyone dies at sometime, and if I have a car accident my body could save someone else's Mother or child.
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