It interesting the differences in these laws between otherwise similar countries.
In the English based systems, as a general rule:
- The company that trades is the one that would be liable if something goes wrong
- If the company had no assets then there's little for a person suing to chase
- There are limited instances where a Director of a company can be personally sued. Most often I've seen it occur when 'trading insolvently'- or trading knowing the company can't pay its bills.
To help avoid a lot of risk we always setup our trading companies to have no assets. As a general rule the assets are owned by holding companies and trusts, who are separate legal entities. The Holding companies don't trade with outside people and don't hire outside staff for instance.
Maybe there's a similar structure possible in Germany.
In the English based systems, as a general rule:
- The company that trades is the one that would be liable if something goes wrong
- If the company had no assets then there's little for a person suing to chase
- There are limited instances where a Director of a company can be personally sued. Most often I've seen it occur when 'trading insolvently'- or trading knowing the company can't pay its bills.
To help avoid a lot of risk we always setup our trading companies to have no assets. As a general rule the assets are owned by holding companies and trusts, who are separate legal entities. The Holding companies don't trade with outside people and don't hire outside staff for instance.
Maybe there's a similar structure possible in Germany.