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David has decided to incorporate his Mexican Restaurant business which he has run previously as sole trader. After careful consideration with you, he has set

David has decided to incorporate his Mexican Restaurant business which he has run previously as sole trader. After careful consideration with you, he has set up a limited liability company called Mexican Cantina Ltd in which he is the sole shareholder with 10,000 fully paid-up shares at $1 per share. He is also joint director of Mexican Cantina Ltd with his wife Claire.

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What is the maximum liability which Julian is personally liable as a shareholder of Mexican Cantina Ltd?

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