William Marriott’s Post

Here, we share some helpful comments relating to the recovery of costs on discontinuance of claims. https://ow.ly/28Pg50SQ81s #Liability #Costs #Discontinuance #Claims #DisputeResolution

Here, we share some helpful comments relating to the recovery of costs on discontinuance of claims. https://ow.ly/Lho050SQXZV #Liability #Costs #Discontinuance #Claims #DisputeResolution

There are very complex rules relating to partnerships with up to 100% exemptions from SDLT being available for property being introduced into and also coming out of partnerships. However, there are also traps in the legalisation for the unwary, where a simple movement of property, removal of capital, the introduction of a new partner or a change in profit share ratios within the partnership can trigger unexpected SDLT liabilities. For expert advice on navigating this scenario, make contact with the Bell Howley Perrotton team here: 🖥️ - https://lnkd.in/eYwv2ddW. . . . . #stampdutylandtax #propertypartnership #sdlt #sdltrelief #businesspartnership

We achieved another WIN for our client in Leeds County Court yesterday with a successful Motor Finance Claim! However, I want to draw attention to another case that we unfortunately lost. This case highlights a critical issue we are constantly facing with this claim type that doesn’t get the attention it fully deserves. On the same day, in the same court, and with the same judge, we had two claims against Volkswagen Financial Services. Claim 1: - Amount of Credit: £32,009.28 - Total Amount Payable: £41,281.23 - APR: 6.8% - Commission: £2,816 (7% of the Total Amount Payable) We won this claim, securing £3,008 inclusive of 5% statutory interest from the date of the letter of claim. Claim 2: - Amount of Credit: £42,108.00 - Total Amount Payable: £56,139.07 - APR: 9.6% - Commission: £840 We lost this claim. The key point of concern here is the commission disparity. How can a loan of £42,108 with a higher APR of 9.6% result in a commission of only £840, while a loan of £32,009 with an APR of 6.8% pays a commission of £2,816? The logical answer is that it shouldn't. But the reality is that it does because the lender enables this disparity. The lender’s rates and terms document allows dealers to control the commission they receive. In Claim 1, the dealer capitalised on the buyer's eagerness and secured a high commission. In Claim 2, possibly due to less buyer enthusiasm or end-of-month sales targets, the dealer opted for a lower commission to close the deal. The crux of the issue is that lenders permit dealers to set commissions at their discretion, often resulting in significant financial differences for clients. This discretion, embedded in the retail rates and terms agreement between the lender and dealer, can lead to thousands of pounds in variation per agreement for the sake of commission. This inconsistency and lack of transparency are what needs to be addressed and acknowledged by the regulator, the FOS and the media and a suitable and fair redress mechanism needs to be put in place to remedy the gross mis-selling that has been going on for years and years. Darren Anthony-Bott Salmaan Shahid Mike Arnall Lukasz M. Simon Evans Peter McKenna Heara Mahmood Humeira Rafiq Iqra Latif Gia Raees

The CFPB's Section 1071 Rule falls within my remit here at Stinson LLP, so I wanted to share this article by the Equipment Leasing & Finance Association interviewing my partner, Benjamin Court, on the implications for equipment finance. The countdown to compliance has begun. Enjoy! #smallbusinesslending #equipmentfinance #compliance #section1071 #dataprivacy #datacollection #CFPB https://lnkd.in/gd9H-9wS

Protecting your real estate with LLCs offers more than just liability protection. Beyond shielding your assets, LLCs provide tax benefits and allow for easy transferability to others. Additionally, leases are essential in real estate investing. #RealEstateInvesting #LLCProtection #TaxBenefits #AssetTransfer #LegacyPlanning

Financial advisers should be really careful in giving advice to a client who is making a TPD claim as there is a lot of complexity and considerations in how the payment is made.   In the latest episode of “Tangelo Talks” Conrad Travers sits down with TPD and Injury claims specialist Andy Reynolds (also a practicing financial adviser) to talk through some of the myriad traps advisers and lawyers who don’t understand this area thoroughly can fall into (e.g. Centrelink, Tax implications). If you’re not sure, we recommend at the very least educating yourself but if not, referring your clients to an expert like Andy. Andy has a tonne of tools, templates and resources at his website www.tpdclaimsadvice.com.au   Have a listen and let us know what you think. #financialplanning

8 Benefits of LLCs: Forming a Limited Liability Company (LLC) is an intelligent business decision for many reasons. LLCs offer advantages over other business structures, such as corporations, sole proprietorships, and partnerships. LLCs protect personal liability by separating the owners' assets from business creditors. Additionally, LLCs have a tax advantage with pass-through taxation, simplifying tax obligations for the owners. LLCs also offer ease of transfer by allowing ownership interests to be sold without disrupting business operations and various methods to raise capital. Registered LLCs enjoy legitimacy and credibility, which enhances relationships with banks, partners, and investors. Most states do not restrict LLC ownership, and there is generally no maximum number of owners. LLCs offer flexible management and ownership structures, allowing customized profit and voting interests. If you're ready to experience the benefits of forming an LLC, contact our experts at +1 (877) 330-2677 ☎️ to start your LLC journey! 🚀 #LLC #BusinessFreedom #LimitedLiabilityCompany #MYUSACORPORATION

Good read for motor carriers who have this exposure or for the ones who tread the line. Always be aware of the ever-changing Federal Motor Carrier Safety Administration regulations, it will save you time, money and liability.

A financial adviser can offer expert support to help your clients plan for the future and make the most of their damages. #claims #protectingyourfamily #trustedadvice