Together we are stronger

Clients need to be able to trust that their professional advisers are working together.

We have all, at some point during our careers, taken a course of action we realise with hindsight was misguided and needed advice on how best to extricate ourselves from the position we found ourselves in. The likelihood is that we did not seek advice on the matter at the outset because we were not sure who to speak to and/or did not want to spend money on what we viewed as a straightforward matter.

The cost of rectifying the position will invariably be more than the advice that would have been provided at the outset, particularly if the only solution is to the sue the other party, or even worse you end up being sued.

I was once approached by a dentist client to look over some papers he had been presented with when purchasing some equipment. When the client came into the office with the papers I saw it was not only a contract to buy some equipment, but a contract to acquire a practice, take on 10 employees and enter into a 25 year lease. Since the principal was staying on in the practice following the sale, he didn’t fully appreciate the fact that he was buying the practice. Consequently, he had not discussed anything with an accountant.