Comment on Confiscate properties from rogue landlords, says senior Labour MP

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hellothere@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

Pay is often linked to the risk you have invested in your business.

This line is routinely trotted out by people who do not understand the very basic facts of limited liability.

It is trivally simple to establish your business as limited by guarantee, and when done so the risk is literally £1.

If anyone establishes a business where they are personally liable for any debts, or losses acrued, by thag business then they need to seriously reconsider if business management is for them.

Now, people may well choose to invest personal savings to start a business, rather than take out a loan, but again, rule number 1 of investing is not to invest more than you can afford to lose, so, again, the actual risk is £1.

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