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Does anyone have any experience in this
If you have an incorporated business/businesses and you declare the business to be bankrupt...what personal liability does one have...if any.
My brother thinks that there is little if any personal liability...in other words it does not effect your personal credit rating. He is thinking of starting two more businesses without having actually gotten the first one off the ground. He intends to verify with his accountant the liability aspect before he continues...in case the businesses go under.
Anyone with knowledge or experience in this area??
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