Every day, we see clients choosing to incorporate a company
limited by shares, often just referred to as a company.
A Bermuda company is a well-established choice for those looking
to form businesses, both local and international, and is well
understood by investors.
However, a company is, now more than ever, not the only
choice.
Today I will focus on those individuals who are interested in
owning and operating their own business.
You can do so as a sole trader or as a general partnership;
however, doing so leaves you personally liable on a
dollar-for-dollar basis for the debts and obligations of the
business.
A common way to address this issue is to form a vehicle treated
as a separate legal person.
