Numpty question

[IceBoy]

If I am a director of a Ltd company, the only loss I can occur is what I have put into the business right ?

I mean others can't sue me personally for my house car etc etc ?

thanks
Iceboy

[Eric Mc]

Not completely true.

There are some circumstances when personal assets could be considered.

If you have signed any personal guarantees as a director for company borrowings.

If you have mortgaged your personal home as equity for a company loan

If you or other directors have behaved in a reckless, negligent or fraudulent manner.

The legal tem is called "lifting the veil of incorporation".