Ask a Law Question, Get an Answer ASAP!
Hello and thank you for your question. I will be very pleased to assist you. I'm a practicing lawyer in England with over 10 years experience.
I am very sorry to hear that you have experienced difficulty. How may I help you with this?
Goaod Morning Joshua
my question is dealing with the legal status of Associatons and the personal liability of its members Optional Information: System of Law: England-and-Wales.
Basically as a member of a village Association, which is considering starting and run a Community Shop. I do not see it being viable, though an excellent initiative.
if the venture fails financially, will I be potentially liable for some of the accumulated losses.Will it be treated as a partnership rather than a limited liability?
I await your full reply.
is there anything you need from me? I await your fulleply.
My apologies for the delay in reverting to you. From what you say do I understand that there has been limited or no discussion about what structure to employ for your association - e.g. a trust, partnership etc?