good reputation with the bar association of your jurisdiction. Other things to consider when choosing a tax attorney are if they will be personally handling your case; how many cases they have handled; the ratio of cases that went to trial to those that were settled; and the outcomes of those cases. The main thing you have to remember is that you will be sharing personal and confidential information with your chosen tax attorney. Therefore you must be comfortable with them and feel that they can be trusted to represent your interests. Legal & Finance Issues (Including Private Equity / Venture Capital and Investment Funds, etc) Financial planners advise clients on how best to save, invest and grow their money. They can assist clients in tackling a specific financial goal or give them a macro view of their money and the interplay of their various assets. Some specialise, while some others consult on a range of financial matters. When choosing the right financial adviser, many of the same considerations apply as when selecting a legal adviser. The field of investment funds is particularly multi-faceted, as it is an area that can be looked at from many different angles, each with their own unique considerations.
A financial adviser will be specialised in the structuring of a new fund, and the advantages or disadvantages inherent in more cross-border-based solutions. They may also assist with monitoring and supervising the financial risks involved in pooling monies into a mutual fund (which might be an option that is only available for larger investors). Meanwhile, a legal adviser in the investment funds field will be best placed to advise on matters of legal liability applicable to a collective investment undertaking – as jurisdictions invariably have their own unique regulatory and legal requirements. On a more general level, a financial adviser can help you to develop an overall financial strategy for your business. Your financial adviser’s job is to collect detailed information about your financial situation and provide advice that encompasses investing, superannuation, retirement and succession planning, risk management, insurance and tax. Considerations when Choosing an Adviser: • What you want them to assist with – what kind of adviser; • Their specific experience areas / specialisations – years of experience;
• Past cases – success rate; • Price for services – cost effective: what you can afford; • Whether they are a boutique or a large firm. 234Finance, a social space that promotes entrepreneurship, leadership and business investments, states that the nature of your legal problem or legal concerns will help you determine the type of lawyer or law firm you want to hire. “Some lawyers may have particular specialties and the profile of a law firm may show vocational expertise in some areas of practice more than others. Your goal is to find a lawyer with whom you are comfortable with on a personal and professional basis. It is imperative that you hire a legal professional you can trust to handle your case and represent your interest to best of his or her professional and intellectual ability.” According to Resilum, a provider of business insurance and public liability insurance, “as long as you choose carefully, seeking outside business advice can be one of the best ways to grow your business. It can also help you seize opportunities that might otherwise have flown under the radar.”
• Legitimate qualifications – i.e., when they were admitted to the bar; 5