Web15. jun 2024. · As a result, you will be personally liable for the loan, the debt, and/or the equipment. If your company can’t pay, you’ll be personally responsible because of the personal guarantee, regardless of the company’s limited liability. Keep in mind: More than one person can sign on a personal guarantee. If you and your two co-members of the ... Web9 hours ago · 26 seconds ago. NAIROBI, Kenya, April 14 – The National Hospital Insurance Fund (NHIF) has warned employers who submit their employees’ monthly deductions late that they will be liable for a 9.5 percent penalties. In a notice, the national insurer said that the penalty is equivalent to the Central Bank of Kenya (CBK) lending rate.
Limited Liability Company (LLC) - Corporate Finance Institute
WebLiable definition, legally responsible: You are liable for the damage caused by your action. See more. Web14. dec 2024. · Let us assume that three equal partners manage a business in which they invested $20,000 each. The business also owes $120,000 that it is unable to settle. … georgia embassy in the us
Advantages and Disadvantages of a Limited Liability Company
Webliable meaning: 1. having (legal) responsibility for something or someone: 2. very likely to do something: 3…. Learn more. WebConclusion: Two companies can be held liable for damage if it is proven that they were both responsible for causing the damage. In such cases, each company may be required to pay a portion of the damages based on their level of responsibility or contribution towards the incident. It is important for companies to take responsibility and work ... Web10. mar 2024. · In business, limited liability is about reducing your personal exposure to financial risk. If your business fails (or is sued) then the amount of money for which you … christian kroos allianz