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Q: Asset protection advice in Australia ( No Answer,   1 Comment )
Question  
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.
Answer  
There is no answer at this time.

Comments  
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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