Difference between revisions of "Starting a Small Business"

But sometimes this isn't as good as it sounds. Lenders often insist that shareholders of small companies personally guarantee the company's debts, so the lender is sure of getting repaid even if the company can't pay. And in some cases, a shareholder may be personally liable for a company's debts. Shareholders are not required to provide any work or services for the company unless there’s a contract requiring them to. You should have a '''shareholder’s agreement'' to deal with these topics. A lawyer can help with that.