You need to be careful because some businesses open you up to personal liability for debts and claims. You may want to speak with an attorney to make sure that you are protecting your personal assets from the company debts. Have you browsed through the information in LawInfo's Free Legal Resource Center to learn more about your issue yet? See:
http://www.lawinfo.com/consumer.html. Search the "Free Legal Resources" tab, or browse the Consumer Resources. Good luck.