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A day in the life of...

Michael Sobey - Commercial Lawyer

An oldie but a goodie....

Some people might imagine he’s just like Harvey Specter from Suits? Maybe others see him more as Lionel Hutz from the Simpsons?  Or somewhere in between?

This is what Michael thinks......

 


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“Where there is a will, there is a relative. Where there isn’t a will there is chaos” (Anonymous)

It is very common for business of all types to take advantage of internal leases. Text book asset protection advice usually recommends holding all assets in one entity (a “holding entity”) and leasing those assets to another entity (an “operating” entity) for use in a business. Is this how you operate? Does your business otherwise allow assets to be placed into the possession of others (through leases, licenses or just be giving those assets to others to use) If so, you should probably read on…

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