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Subject:
Asset protection advice in Australia
Category: Business and Money > Consulting Asked by: blossomboofy-ga List Price: $50.00 |
Posted:
20 Apr 2004 02:51 PDT
Expires: 20 May 2004 02:51 PDT Question ID: 332965 |
Do you need any legal qualifications to give advice on asset protection in Australia? By this I mean, if I am a "layman" can I advise people what asset protection they would have if they had their assets in structures such as companies and trusts.e.g. I go to a person's home and show them how asset protection works and what are the different options for them to protect their assets. (e.g. put them into a trust). Once they agree on the correct structures I then help them fill in the forms to buy say a company and/or trust. This order is then sent to a company/trust formation company who then forms the structures up. I then apply for tax registrations, etc. and get the clients to sign all the forms, etc. I know I can't give "legal advice" but what is "legal advice" when it comes to just telling people about asset protection and take their orders? Then get the appropriate structures and techniques set up by a company/trust formation company. I would not do the legal work to set these structures up - this would be done by the company/trust formation company who gets a solicior to "rubber stamp" it. Do you know any insurance company that will cover professional indemnity for a "lay person" for this type of business? All this information is needed for Australia ONLY. If you need to be a solicitor how can you get around this without having to use one or is there some sort of way to use one as a "consultant" but they don't go to the clients house or do any of the "hack work" but basically "rubber stamp it". Or can you find a way around this What is the minimum they could do and still make it all legal? I got the idea from thr USA by a firm called the "Asset Protection Group" and would like to adopt their methods into Australia. |
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There is no answer at this time. |
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Subject:
Re: Asset protection advice in Australia
From: neilzero-ga on 20 Apr 2004 07:06 PDT |
It may be helpful if you name the towns and cities where you will start this business. My guess is there are some requirements and insurance coverage will be difficult to find, as somebodies lawyer may be after you the first time a customer perceives that you gave bad advice. Neil |
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