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Spike

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Two possibilities.

1. If a company takes a bank loan, all directors and shareholders have to do personal guarantees for the loan. Even if the company folds, the bank can chase after their personal assets.

2. Some mall landlords have tendencies to ask directors of new companies who are looking to enter their malls to do a personal guarantee for their tenancies as failures for new startups are high.
 

Lasogette

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Dec 20, 2012
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Two possibilities.

1. If a company takes a bank loan, all directors and shareholders have to do personal guarantees for the loan. Even if the company folds, the bank can chase after their personal assets.

2. Some mall landlords have tendencies to ask directors of new companies who are looking to enter their malls to do a personal guarantee for their tenancies as failures for new startups are high.
Wah jialat sia than pte ltd also not as safe .
 
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