What is a personal guarantee?

Описание: 📝 What is a personal guarantee?
✅ Take the test: https://www.realbusinessrescue.co.uk/...

Considering a Personal Guarantee for Business Funding? Before signing on the dotted line, it’s crucial to understand the risks. A personal guarantee means you could be personally liable for your company’s debts if it enters liquidation.

📌 Key points covered in this video:
✅ What a personal guarantee is and how it works
✅ The risks involved for company directors
✅ What happens if your business can’t pay its debts
✅ The importance of seeking personal and legal advice before signing
✅ How to demand clarity on the terms of a personal guarantee agreement
✅ When to reach out for expert help if you’ve signed a personal guarantee

Every business situation is unique, and understanding personal guarantees is crucial. Seek expert advice if you're unsure about your responsibilities.

🔗 Get expert advice now: https://www.realbusinessrescue.co.uk/...

0:00 - What is a Personal Guarantee?
0:02 - Introduction to personal guarantees
0:15 - How does a personal guarantee work?
0:23 - Who is responsible for paying the debt?
0:32 - Things to consider before signing a personal guarantee
0:49 - Importance of legal advice and clarity
1:09 - When to seek professional advice

📚Related Resources:
📖 What is Company Liquidation?    • What does Company Liquidation mean?  
🎥 How Personal Guarantees Affect Business Owners    • What is a personal guarantee?  

🔔Subscribe for expert business rescue advice – Learn how to handle insolvency, company closures, and financial challenges.

#PersonalGuarantee #Insolvency #BusinessDebt #RealBusinessRescue