Australia  |  Business Law

Legal Question

Asked on: 9/18/13, 1:42 am

Hi there. I would like to register Pty Ltd. Company. Let's say, both me and my business partner would become directors. Is there any legal agreement which would protect one of the director against liability for any potential debts in future. For example, Company is insolvent and according this agreement , one director is liable for debts and insolvency and second director would become free of liability. Thank you for your answer. Martin

Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

133 Answers given in the last few hours.

8661 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search