Business & Commercial Law

Joseph Grassi & Associates - Penrith Property and Business Lawyers

A Director’s personal liability for Company Debts

More often than not, directors, particularly those operating in Small to Medium Enterprises (“SMEs”), are not aware that they could be personally liable for their company’s tax debts in certain circumstances. This lack of awareness unnecessarily exposes assets outside of their company that are owned by the director personally, including the family home. Historically the

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