This assessment has four questions. I need help with question 4

Adrian Kay has recently graduated with a Bachelor of Commerce from Federation University and has decided to set up his own business, Adrian Professionals, as a consultant to RSVP in Melbourne and Regional Victoria. Adrian has provided the transactions for the month of trading in June 2022.

4. Adrian has concerns regarding the unlimited liability status of a sole trader and is considering setting up a proprietary limited company. He has read about shareholders enjoy limited liability and finds this attractive. He will be the only shareholder and director of the company. Required: Discuss are there any circumstances in which Adrian Kay, as a director, could be personally liable for any debts of the company? (Note: In your answer, cite all relevant legislation, if any.) (450 to 700 words, 15 marks) Assessment Format: - Heading 1: Question 1 (using transaction analysis chart template) - Heading 2: Question 2 Income statement - Heading 3: Question 3 Balance sheet - Heading 4: Question 4 - Heading 5: Reference list (not include in the word count) For references: - Any materials used in this assignment must be acknowledged and appropriately referenced. - Please use the APA referencing style