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Utilities/Commercial/Ltd Coy

castle96
castle96 Posts: 2,962 Forumite
Part of the Furniture 1,000 Posts
if you were to open a shop,, who would sign for', the gas/elec ? One of the 2 Directors, I assume, of the Ltd Company who would be running the business. If the Coy went into voluntary liquidation, and owed £ to the utilities, how/who would the Coy's persue ? Would it be the Coy, or the Director personally

Comments

  • Premier_2
    Premier_2 Posts: 15,141 Forumite
    10,000 Posts Combo Breaker
    If it's a limited company, then the contract should be signed by any authorised person "for and on behalf of" that limited company.

    Creditors may require personal guarantees before extending any credit. Any such personal guarantees would obviously not benefit from the limited liability the business is protected by.
    "Now to trolling as a concept. .... Personally, I've always found it a little sad that people choose to spend such a large proportion of their lives in this way but they do, and we have to deal with it." - MSE Forum Manager 6th July 2010
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