How advise derek of any circumstances

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Point 1: Derek has recently graduated with a Master of Health and Human Services and is looking to set up his own business. Derek recalls from his study in MPA702 that a company structure would be the most suitable for him as he would not be personally liable for any debts of the company. Derek would be the sole director and shareholder of the company.

Question 1: How Advise Derek of any circumstances in which he may be personally liable for the debts of the company. Include all sources and provisions in your answer.

Note: any issues relating to the Australian Taxation Office are not required for this answer.

Reference no: EM132496389

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