Serious Robert Kiyosaki , Jan 2020

[Kee Chew]

 

[Kee Chew]

me thought he gone already ?

 

[krafty]

i also thought he is bankrupt.

https://thecollegeinvestor.com/4726/ultimate-hypocrite-robert-kiyosaki-companys-bankruptcy/

 

[knowwhatyouwantinlife]

Well at least he didnt complain about the weather whether he was a rich or poor dad

 

[winnipegjets]

i also thought he is bankrupt.

https://thecollegeinvestor.com/4726/ultimate-hypocrite-robert-kiyosaki-companys-bankruptcy/

He used bankruptcy to avoid paying his debts. Good pal of Trump, your hero.

 

[Kee Chew]

i also thought he is bankrupt.

https://thecollegeinvestor.com/4726/ultimate-hypocrite-robert-kiyosaki-companys-bankruptcy/

at 72 y.o. still going strong.

me think something is cooking up.

If no thing coming then i worry.

 

[Leongsam]

i also thought he is bankrupt.

https://thecollegeinvestor.com/4726/ultimate-hypocrite-robert-kiyosaki-companys-bankruptcy/

Why don't you read the article yourself you twit.

The whole purpose of a Limited Liability Company is so you can declare the company bankrupt while earning millions yourself.

 

[krafty]

Why don't you read the article yourself you twit.

The whole purpose of a Limited Liability Company is so you can declare the company bankrupt while earning millions yourself.

in this way he is even worse, he is a fraud and a scammer.

 

[Kee Chew]

in this way he is even worse, he is a fraud and a scammer.

in Sg context - he will be known as a legalised scammer.

Honestly , we need more folks like him.

i hope Robert visits Sg more often.

Maybe even get a PR status and buy a few pieces of property here and there.

 

[Leongsam]

in this way he is even worse, he is a fraud and a scammer.

The whole concept of limited liability is the separation of personal assets and company assets by defining the company as a separate legal entity.

All the companies that I have registered have been LTD for this very purpose.

If I provided a service as a sole proprietor and was sued as a result of a mishap I risk losing my house and other assets.

However if the service is provided by a limited company my personal assets are protected.

https://www.britannica.com/topic/limited-liability

Limited liability, condition under which the loss that an owner (shareholder) of a business firm may incur is limited to the amount of capital invested by him in the business and does not extend to his personal assets. Acceptance of this principle by business enterprises and governments was a vital factor in the development of large-scale industry, because it enabled business concerns to mobilize large amounts of capital from a wide variety of investors who were understandably unwilling to risk their entire personal fortunes in their investments.

Limited Liability laws also protect people like yourself when you invest in someone else's business. If you invest in a sole proprietorship you many end up risking all your personal assets should something go wrong.

 

[krafty]

The whole concept of limited liability is the separation of personal assets and company assets by defining the company as a separate legal entity.

All the companies that I have registered have been LTD for this very purpose.

If I provided a service as a sole proprietor and was sued as a result of a mishap I risk losing my house and other assets.

However if the service is provided by a limited company my personal assets are protected.



Limited Liability laws also protect people like yourself when you invest in someone else's business. If you invest in a sole proprietorship you many end up risking all your personal assets should something go wrong.

i am a scaredy cat in doing business, it will not happen to me.

but will what you mentioned above apply to s'pore context?

 

[Valium]

This has been still come out and talk cock. Fuck both his fathers' mother's cheebye.

 

[nightsafari]

The whole concept of limited liability is the separation of personal assets and company assets by defining the company as a separate legal entity.

All the companies that I have registered have been LTD for this very purpose.

If I provided a service as a sole proprietor and was sued as a result of a mishap I risk losing my house and other assets.

However if the service is provided by a limited company my personal assets are protected.



Limited Liability laws also protect people like yourself when you invest in someone else's business. If you invest in a sole proprietorship you many end up risking all your personal assets should something go wrong.

limited liability is not 100% foolproof.

 

[Kee Chew]

i am a scaredy cat in doing business, it will not happen to me.

but will what you mentioned above apply to s'pore context?

it applies . if and only if your sole proprietor company offers "Services" only.

meanning clients owe u money and u have no "suppliers" to pay. other than IRAS and PUB and Rent ( if any) .

but then , not many of this type of business.

 

[Leongsam]

limited liability is not 100% foolproof.

Nothing is 100% foolproof.