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Business Debts
Sole trader debts are personal debts. Limited company debts are separate — until a personal guarantee is signed.
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Guide3 min read
Sole trader vs limited company — where your personal liability really sits
A limited company is a separate legal person. A sole trader is not. It's the single most important distinction when debts pile up.
Read the full guideGuide3 min read
Sole trader vs limited company debts
How the business is structured determines whether the debt is yours personally.
Read the full guideEvery article on Debt Compass is written for guidance only and isn't personalised debt or legal advice. A Debt Compass adviser can talk your situation through with you, without pressure.
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