Im curently looking to rent out a new small shop for my business they are wanting me to sign up for a three year lease which seems the norm. What is worrying me though is if my new venture should fail i will be stuck tied into this lease.

My question is that should my business fail will i still be responsible for paying the lease for the rest of the agreed term?

Would i better off setting up as a limited company to avoid this pitfall if things turn worse in this economic climate and my business fails.

Thankyou

Quick Property Sale