| How does that fit in with the liability of, say, a solicitor for giving advice, or a barrister for giving chambers opinions? |
| The company may not really be a registered corporation entitled to limited liability. |
| Owner enjoys limited liability for business debts and fringe benefits are deductible as business expenses. |
| John signed the management representation letter without qualifying the positive assertions about the company's tax filings and liabilities. |
| The books and records must contain all details of the company's assets, liabilities and stocks. |
| This is because QE should lead to a fall in gilt yields, which in turn will force down the rate at which liabilities can be discounted. |
