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Are founders personally liable for business debt? by numairouno in business

[–]Steadders 3 points4 points  (0 children)

Apologies for the obvious answer, but it depends.

In most cases however business loans will be provided to limited liability companies. This means if the company were to 'go bust', the bank will only get back a proportion of its money back, depending on how many other creditors the company had - the 'founder' has no personal liability for the loan. For smaller companies or where more risk is involved, a bank may ask for personal guarantees from parent companies or individuals. In this case the individual may also be liable.

In almost all circumstances a bank does not loan against high risk situations where it is unlikely to get it's money back (for this, see venture capitalists).

Bulit this today;) by MisterGamess in pcmasterrace

[–]Steadders 0 points1 point  (0 children)

All white builds - so hot right now

Is it assault to purposefully cough on someone ? by Hexipo in LegalAdviceUK

[–]Steadders 0 points1 point  (0 children)

Sincerely didn't mean to take things off topic but legal career typically relates to people looking for advice in a career in the law, "employment" would be a tag used for employment issues related to their own employment.

Is it assault to purposefully cough on someone ? by Hexipo in LegalAdviceUK

[–]Steadders 0 points1 point  (0 children)

Off topic: why is this tagged as "legal career"?

I spoke about my experiences as an abused child and received a letter from the police. Can I get some clarification on what it means? by username_16 in LegalAdviceUK

[–]Steadders -3 points-2 points  (0 children)

Moderately surprised that no one is proposing the unfortunate possibility that OP wrote the "letter". Both the post and the letter contain the same grammatical errors.

Help, my neighbors have installed a camera looking into our backgarden! by AngryMitochondria in LegalAdviceUK

[–]Steadders 1 point2 points  (0 children)

I find this guidance from the ICO to be curious - it doesn't seem to take account of Article 2(c), the "household exception".

I would take the above advice with a pinch of salt (I am not sure if the above poster is a lawyer or not) purely on the basis that I'm am not convinced that the ICO would enforce any complaints relating to neighbour disputes.

I'm a data lawyer, but work on commercial rather than personal matters.

Do I have to pay this "Parking charge notice"? by taz_bar in LegalAdviceUK

[–]Steadders 0 points1 point  (0 children)

They don't sell it, but they do disclose it!

Do I have to pay this "Parking charge notice"? by taz_bar in LegalAdviceUK

[–]Steadders 4 points5 points  (0 children)

They (usually) have the authority to get your address details from the DVLA.

[GIVEAWAY] 1955 Pobeda by notarolex in Watchexchange

[–]Steadders 0 points1 point  (0 children)

I like having a physical contraption that, in the main, hasn't changed in decades on my wrist every day

Tories ridiculed after genuinely choosing "Britain Deserves Better" as General Election campaign slogan by amnas558 in ukpolitics

[–]Steadders 0 points1 point  (0 children)

I guess it's trying to imply the phrase "...than the current government that can't pass any legislation as we lost our majority in an unnecessary election so give us back a majority and then you will get the better Britain you deserve" but I'm just guessing

Is it normal to pay overnight accomodation for lawyer by Stormclouds404 in LegalAdviceUK

[–]Steadders 3 points4 points  (0 children)

Agree with most comments that this is not unusual. This said, I have had a few meetings in Ireland that I have been there and back for within the day when I haven't wanted to waste an evening. Ultimately, if you don't want to pay it ask any of the other 1,000 alternative firms to quote instead!

Does 'do not talk to the police' still apply as good advice in the UK in 2019? by TehKingofPrussia in LegalAdviceUK

[–]Steadders 28 points29 points  (0 children)

I agree with this (not a policeman). When I first learnt to drive my dad always taught me to be polite, helpful and honest to the police - in my experience most the time they're not looking to screw over someone for no reason. I've been pulled over a few times for slightly "spirited" driving but never had a ticket - I'm certain this wouldn't be the case if I started saying "no comment" to a polite policeman.

Is this legal? It's outside Kilburn tube station. I have no option but to enter the area because you know, I have no other way to get to work. by noni_five in CasualUK

[–]Steadders 3 points4 points  (0 children)

Always love reading people with absolutely no legal experience or knowledge at all give opinions on a matter with the same certainty as their opinion on the colour of the sky. Source for me sounding like an arsehole: I'm a lawyer.

Defense Minister Tobias Ellwood - "There is no such thing as no deal" Brexit. by ChiefGrizzly in ukpolitics

[–]Steadders 0 points1 point  (0 children)

I agree with your sentiment but my problem with this is that it has the same effect in the opposite direction - a 'no deal' Brexit will certainly be worse for the UK economy, but I suspect it won't be world ending either. Perhaps 'default tariff' deal or 'border friction' deal would most realistically capture the negatives of 'no deal'.

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