Henry Blunt: How best to protect against liability after the sale of a business

Where that liability actually falls can be affected by the structure of a sale yet some common myths have sprung up around what the rules are and how they can impact financial advice firms. Examples include: * If I dissolve my limited company, the liability will dissolve with it - This is incorrect * I cannot be penalised for advice I gave pre-sale and post de-authorisation and cancellation by the FCA - This is incorrect * If someone buys the shares of my business, they will take on the liability - This is most unlikely If an advice firm is dissolved, the liability for advice does n...