Business Owners

Personal Liability

All businesses incur liabilities and often require credit or financing from financial institutions. It is a standard practice for creditors to request that a business owner or director signs as surety or personal guarantor for the business’s financial obligations to them.

This means that the surety becomes personally liable for the business’s debts. If the surety dies or becomes disabled, the creditors could look to his/her personal estate for settlement of the debt.

Other Business Products

Blueline Independent

With a collective experience of more hundred years in the South- African Financial Industry, we pride ourselves in delivering expert advice and service to our clients.