Mastery card
I can explain Personal Guarantee
A promoter's personal promise to repay a company loan if the firm cannot.
A personal guarantee makes an individual liable for a business debt beyond the company's assets.
Sticky trick
PG links personal wealth to business debt - negotiate caps if possible.
Take into the room
In plain English, what is Personal Guarantee?
Or open the share card 🖊️
Or start your own 5-word trail from home.