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JGM
JGM, Solicitor
Category: Employment Law
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Experience:  30 years experience as a solicitor.
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can i be held responsible incurred as a sole trader

Resolved Question:

can i be held responsible for debts incurred as a sole trader when my company has been closed
Submitted: 2 years ago.
Category: Employment Law
Expert:  JGM replied 2 years ago.
If you were a sole trader you remain liable for debts even after you cease trading.
If you traded as a limited company, you would not incur personal liability for trade debts incurrd by the limited company.
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