So. I spoke to advisor. Even though the company structure would most likely protect, the dircetor can still be sued. Therefore, next loan will be in my name with husband as guarantor.
My financial advisor. They do a lot of work for medical practioners and in rare cases, the director can be sued for negligence or if trades/stock are involved, for not paying etc.
My financial advisor. They do a lot of work for medical practioners and in rare cases, the director can be sued for negligence or if trades/stock are involved, for not paying etc.
My financial advisor. They do a lot of work for medical practioners and in rare cases, the director can be sued for negligence or if trades/stock are involved, for not paying etc.
This is clearly legal advice and something a financial planner would have little knowledge of and not be qualifiedd to advise on. You could be structuring incorrectly...
This financial firm deals mainly with dentists and doctors, all who have a higher chance of being sued. He said most of them put the assets in the non-business person's name as a double safeguard against getting sued (even though the business structure should protect you).
This financial firm deals mainly with dentists and doctors, all who have a higher chance of being sued. He said most of them put the assets in the non-business person's name as a double safeguard against getting sued (even though the business structure should protect you).
This financial firm deals mainly with dentists and doctors, all who have a higher chance of being sued. He said most of them put the assets in the non-business person's name as a double safeguard against getting sued (even though the business structure should protect you).
Double check what? Are you going to go into the non lawyers office and say are you sure this is right? He will say 'yes I am sure'!
You can then ask him if he is breaching the relevant legal professional act by giving legal advice without holding a practicing certificate. Will his insurance cover this 'advice'?
Then ask him about constructive trusts and resulting trusts regarding his quip about holding assets in the non-business person's name. Ask him what a constructive trust is and see if he can explain. Then ask under what circumstances a trustee in bankruptcy can take a property in someone else's name.
This financial firm deals mainly with dentists and doctors, all who have a higher chance of being sued. He said most of them put the assets in the non-business person's name as a double safeguard against getting sued (even though the business structure should protect you).