‘Asset protection’ is the phrase given to strategies that seek to keep assets out of harm’s way. Want to know more about this strategy?
What is ‘asset protection’?
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Leasing to a related entity – avoid the PPSR sting
If you hold equipment in one entity, and carry on your business in another, you may be thinking this is a great asset protection strategy. It is, but it is missing one critical part – registration of the arrangement on the PPSR.
Avoid Additional Stamp Duty in Victoria – Exclude Foreign Beneficiaries from Your Discretionary Trust
The Victorian State Revenue Office (SRO) has announced that from 1 March 2020 it has adopted a new approach in applying the ‘foreign purchaser additional duty’ (FPAD) provisions of the Duties Act 2000 (Vic) to discretionary trusts. Make sure you don’t get caught by this additional 8% of duty.
eSports: Are you thinking of entering the sponsorship game?
If you’ve been sponsoring sports teams and events as part of your marketing spend – maybe it’s time to move to warp speed, and consider eSports! The world is your virtual oyster.
Are you paying for your grandchildren’s school fees?
If you’re paying for your grandchildren’s education costs, then you’re not alone. But is this financial support a ‘gift’ or a ‘loan’ to your children? If this is left in any doubt, then bitter family disputes will arise. Take the time now to make sure the ground rules are clear.
When your employee walks out the door, do they take ‘IP’ with them?
In today’s modern economy all businesses rely heavily on their intellectual property (or ‘IP’). Whether you realise it or not, your employees are using or generating some form of IP each and every day they are at work. But what happens when your employee walks out the door (or is pushed)? Have you taken the necessary steps to ensure your IP remains behind?
The pandemic is behind us. Do I still need to make a Will?
This is a lawyer’s blog, what do you think the answer is going to be…?! Read on anyway if you’re not yet convinced.
Can you get out of a standard-form contract?
So you’re in a contract you want to get out of and not sure what do to. Terminating an agreement is never easy, but there are some practical steps you can take.
Farmers, how can you protect yourself if a customer doesn’t pay?
It’s always nice to make a sale – but the fun soon ends if you don’t end up getting paid. You need to ensure that your ‘terms of trade’ protect your interests, and you also need to ensure these interests are register on the PPSR. Find out how.
Is your dental practice in need of a brush and floss?
We have a lot of dentist clients who have downed tools during the Level 3 restrictions. One thing they have in common is that they’re making lemonade out of lemons and getting their practices ‘shipshape’ for when the restrictions are downgraded back to Level 1 or 2. If this sounds like you, read on!
Stood down, terminated, made redundant: What does it all mean?
Employers faced with the reality of reducing their workforce in an attempt to mitigate the adverse effects on their businesses want to know “What is the difference between a ‘stand down’, ‘termination’ and ‘redundancy’?” All is explained…
What is the best way to hold an investment property?
This is a big question. The answer is going to depend on a range of factors, but there are some general rules you can apply.
The legal issues you must consider before getting married…
Deciding to get married is a big emotional decision. But it’s also a massive legal and financial decision. Asset ownership, asset protection, super, life insurance, decision making, estate planning and family financial support, all need to be carefully considered to provide a solid legal foundation for a successful life together.
Lending to family members: How to avoid the pitfalls
So you want to help a family member under financial strain? What starts out with the best intentions can soon result is family disharmony. Confusion about whether the advance is a loan or gift can quickly result in argument. The tragedy is that this is so easy to avoid if you take some simple precautions from the outset.
Call 1300 654 590 and speak with a lawyer today
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