Limited Liability: Nothing to Fear?
Submitted by KeithDaniel on
Gavin Hoccom, Senior Associate at Berry Smith, considers the implications for directors and shareholders following a recent decision of the High Court in relation to the use of a limited company to avoid payment to a building contractor for construction works.
According to the most recent government statistics, there were 5.7 million small and medium sized enterprises in the UK in 2017, accounting for 99% of all businesses. Of that, 1.88 million carried on business through a limited company.