yes, the work is done through my ltd co. I don't sign a personal guarantee with customers.
Ok, you may have insurance if you wish.
The worst that could happen is your Limited company is sued.
So as long as you dont sign personal guarantee and the company has no assets you can just close it
They can not sue you personally if they instruct your company
So you can have insurance if you wish. Or you may just want to save that expense and use the Limited Company
Can I clarify anything for you about this today please?
What do you mean by 'they cannot sue you personally if they instruct your company' ?
A Limited Company is a legal entity.
If your Limited company is instructed (and paid) to do the work then you can not be personally sued/
You set up a Limited company which I assume invoices for the work etc.
So as long as there is no PG then you can't be personally sued
Does the expression 'instruct your company' mean the Client employs my company?
The Company then employs you.
This means you are not personally liable
Sometimes I am required to inspect work which has been done by other subcontractors and sign a form to approve the standard of workmanship. If I sign should I add the words 'on behalf of (name of Client)' or 'on behalf of Brookson (5152) Ltd' (my company name) ?
On behalf of (Company Name)
But it does not really matter who signs the sheet
If your company invoices out then you wont be personally liable.
Does that help?
Yes, thanks, ***** ***** help. I invoice the agency, however. Does that change anything?
I mean, I invoice the agency who then invoice the Client. Does that shift responsibility for the quality of the work to the agency?
That makes no difference.
The agent is responsible to the client yes.
Does that clarify?
Just a final thought: if I did close the company because I was being sued, would there be any adverse consequences to myself? eg not possible to set up a new company because of bad service in the past, etc
No. There is no personal liability etc
And my wife holding shares is of no relevance to this discussion of liability? She has no liability?
Yes, ok, thanks very much, Alex. Big smiley face.
Thanks. If I could ask you to rate my answer before you go, the button should be at the bottom of the screen
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Yes, will do. Many thanks.