08th Aug, 2012Many entrepreneurs experience business failure several times before finally succeeding. In today's ultra competitive business environment, this has never been more true. Liquidation is only really a business failure if the director(s) give up and call it a day. In the event they re-start the business in a new company, they can learn the lessons from the previous company, and the apparent "failure" is instead valuable experience. In business, mistakes are inevitable, the trick is to avoid repeating them, and also to avoid making catastrophic mistakes that lead to being totally wiped out. That is why it makes sense to use the structure of a Limited Company to trade a business venture, so that in the event mistakes lead to potentially catastrophic consequences, the business can survive the experience by way of a liquidation and financial re-structuring, with the business going forward in a new Limited Company.