A personal liability company is the most common amongst lawyers, accountants and doctors. It is comparable to a Private Company however, the directors and past directors (where applicable) of personal liability companies are jointly and severally liable together with the company for any debts and liabilities arising during their periods of office.
Personal liability companies must have at least one director and one incorporator. The director and incorporator may be the same person.
All companies must have a Memorandum of Incorporation (MOI) which sets out the rules agreed by the shareholders for the management and maintenance of the business. The standard MOI is provided by law and is integrated into the company registration process
A Personal Liability Company may be registered on-line on our website.
The following supporting documents will be required: