[jambutty]

Originally Posted by Tealeaf

You never heard of limited liability, Jambutty? Shareholders are not responsible for losses.

What an idiot.

The limited liability applies to a company regardless of whether there are outside shareholders or not. A newsagents or a one man/woman plumbing/electrical/builder business can be a Limited Company that issues 2 shares, usually at a nominal fee of £1. One share is usually held by the owner of the business, who also holds the title of CEO and the other is held by a family member who holds the title of Company Secretary. Any debts incurred by that business are limited to the business’ value.

http://www.ukcorporator.co.uk/limited_companies.php#lc_01

In any case I never said that shareholders were RESPONSIBLE for losses. I said, “As part owner you are entitled to a share in the profits but the other side of the coin is that you are also responsible for any losses that you should make good.”

Maybe I worded it wrong? On the other hand other readers understood what I meant.

My point was that if shareholders accept dividends they SHOULD also accept liabilities. Sadly that is not the case.

The only idiot round here is yourself for engaging in the infantile pursuit of trying to gain “Brownie points”.